News

Bridgewater Bancshares, Inc. Completes Private Placement of $50.0 Million of Subordinated Notes

  • Posted: 06/19/2020
  • Jennifer Lian
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BLOOMINGTON, Minn.–(BUSINESS WIRE)–Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced the completion of a private placement of $50.0 million in aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the Notes). The Company intends to use the proceeds of the private placement for general corporate purposes, including supporting regulatory CONTINUE READING >>

BV Financial, Inc. To Acquire Delmarva Bancshares, Inc.

  • Posted: 06/18/2020
  • Jennifer Lian
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EDGEMERE, MD and CAMBRIDGE, MD / ACCESSWIRE / June 18, 2020 / BV Financial, Inc. (OTC PINK:BVFL), the parent company of BayVanguard Bank, and Delmarva Bancshares, Inc. (OTCQX:DLMV), the parent company of 1880 Bank, announced today that they have entered into a definitive merger agreement whereby BV Financial has agreed to acquire Delmarva Bancshares and its wholly owned bank subsidiary, 1880 Bank, CONTINUE READING >>

Southern California Bancorp, the Holding Company for Bank of Southern California, Completes Acquisition of CalWest Bancorp, the Holding Company for CalWest Bank

  • Posted: 06/1/2020
  • Castle Creek
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SAN DIEGO, Calif.–(BUSINESS WIRE)–Southern California Bancorp (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A., announced today the completion of its acquisition of CalWest Bancorp (OTCBB: CALW), effective with the close of business May 29, 2020. CalWest Bank reported total assets of $226 million as of March 31, 2020. CalWest Bank branches will begin operating as Bank CONTINUE READING >>

Southern California Bancorp Completes Subordinated Note Offering

  • Posted: 05/29/2020
  • Castle Creek
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SAN DIEGO, Calif.–(BUSINESS WIRE)–Southern California Bancorp (OTC Pink: BCAL) (the “Company”), the holding company for Bank of Southern California, today announced that it has completed a private placement of $18 million in aggregate principal amount of fixed-to-floating rate subordinated notes to certain qualified institutional accredited investors. The Company intends to use the net proceeds of the notes offering to assist CONTINUE READING >>