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Bank of Southern California Announces Completion of Holding Company Reorganization

  • Posted: 05/21/2020
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SAN DIEGO, Calif.–(BUSINESS WIRE)–Southern California Bancorp (OTCPK: BCAL) (the “Company”) announced today the completion of Bank of Southern California’s previously reported holding company reorganization. Following shareholder approval last month, the holding company reorganization was finalized, and Bank of Southern California became a wholly owned subsidiary of the Company. As a result, effective on May 15, 2020, Bank of Southern California CONTINUE READING >>

Enterprise Financial Services Corp Announces Exercise of Over-Allotment Option in Subordinated Notes Offering

  • Posted: 05/20/2020
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ST. LOUIS, Mo.–(BUSINESS WIRE)–Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company”), the holding company of Enterprise Bank & Trust (the “Bank”), today announced that the underwriters of its previously-announced public offering of 5.75% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”) have fully exercised their option to purchase an additional $8.25 million aggregate principal amount of Notes at the public CONTINUE READING >>

Enterprise Financial Services Corp Announces Pricing of Subordinated Notes Offering

  • Posted: 05/18/2020
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ST. LOUIS, Mo.–(BUSINESS WIRE)–Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company”), the holding company of Enterprise Bank & Trust (the “Bank”), today announced the pricing of its public offering of $55.0 million aggregate principal amount of 5.75% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The price to the public is 100% of the principal amount of the Notes. Interest CONTINUE READING >>

FDIC Terminates Consent Order Against Bancorp Bank

  • Posted: 05/15/2020
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Copyright © 2020, SNL Financial By Arra Francia The Federal Deposit Insurance Corp. notified Wilmington, Del.-based Bancorp Bank that it has lifted the consent order dated June 5, 2014, against the bank. The termination was effective May 14, according to the Form 8-K filing. The lifting of the consent order was related to the bank’s compliance with the Bank Secrecy Act and anti-money laundering and CONTINUE READING >>