News

SouthCrest Bank Completes the Purchase of Thomaston Branch from Colony Bank

  • Posted: 01/5/2021
  • Jennifer Lian
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ATLANTA, Jan. 05, 2021 (GLOBE NEWSWIRE) — SouthCrest Bank, a division of SouthCrest Financial Group (SCSG: PK), completed the purchase of the Thomaston, GA branch of Colony Bank on December 30th, 2020. As previously announced, the purchase included effectively all of the deposits associated with the branch and a select number of loans. As of December 31st, the transferred accounts CONTINUE READING >>

Northpointe Bancshares, Inc. Closes Non-Cumulative Perpetual Preferred Stock Offering

  • Posted: 12/30/2020
  • Jennifer Lian
  • No Comments

GRAND RAPIDS, Mich., December 30, 2020 (Newswire.com) – Northpointe Bancshares, Inc. (“Northpointe”), parent company of Northpointe Bank, announced today that it has completed a private placement of 3,800,000 depositary shares, each representing a 1/40th interest in a share of its 8.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, to certain qualified institutional buyers and accredited investors. Each preferred share has a liquidation CONTINUE READING >>

CFBank And Consumers National Bank Enter Into Agreement For Consumers To Purchase CFBank’s Two Columbiana County, Ohio Branches

  • Posted: 12/29/2020
  • Jennifer Lian
  • No Comments

WORTHINGTON, Ohio and MINERVA, Ohio, Dec. 29, 2020 /PRNewswire/ — CFBank, National Association (“CFBank”) and Consumers National Bank (“Consumers”) have announced the signing of a branch purchase and assumption agreement pursuant to which Consumers will acquire the Wellsville, Ohio drive-up branch and the Calcutta, Ohio branch of CFBank. The purchase and assumption agreement provides for the transfer by CFBank to Consumers of the land, buildings and other associated assets of CONTINUE READING >>

Southern California Bancorp Completes $42 Million Capital Offering

  • Posted: 12/23/2020
  • Jennifer Lian
  • No Comments

SAN DIEGO–(BUSINESS WIRE)–Southern California Bancorp (the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”), announces the successful completion of a capital raise of approximately $42 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $12.00 per share. “We are very pleased CONTINUE READING >>