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Southern California Bancorp Completes Subordinated Note Offering

  • Posted: 05/29/2020
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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 >>

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 >>