News

Heritage Commerce Corp Completes $75 Million Private Placement

  • Posted: 07/21/2010
  • Castle Creek
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SAN JOSE, Calif.–(GLOBE NEWSWIRE)–Heritage Commerce Corp (Nasdaq:HTBK) (the “Company”), the holding company of Heritage Bank of Commerce (the “Bank”), today announced the closing of a private placement totaling $75 million of convertible preferred stock. The proceeds from the capital raise will be used for general corporate purposes, including supporting the capital needs of the Bank. The Company issued 53,996 shares CONTINUE READING >>

Venture Lender Square 1 Raising $48 Million in New Capital

  • Posted: 03/22/2010
  • Castle Creek
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Copyright © 2010, Triangle Business Journal by Lee Weisbecker Business startup lender Square 1 Bank has launched a $48 million fundraiser to shore up its capital base and expand lending activities. In a March 11 filing with the U.S. Securities & Exchange Commission, founder and CEO Richard Casey reveals that the venture bank has raised $1.93 million of the target. CONTINUE READING >>

Heritage Oaks Bancorp to Raise $60 Million Through Private Placement

  • Posted: 03/10/2010
  • Castle Creek
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PASO ROBLES, Calif.–(GLOBE NEWSWIRE)–Heritage Oaks Bancorp, (Nasdaq:HEOP) (“Company”), the holding company of Heritage Oaks Bank (the “Bank”), today announced that it has entered into securities purchase agreements with select accredited investors, including board members (“Investors”), pursuant to which it expects to raise aggregate gross proceeds of $60 million. The proceeds will be used for working capital, augmenting the balance sheet CONTINUE READING >>

West Coast Bancorp Raises $155 Million in Capital Through Private Placements

  • Posted: 10/26/2009
  • Castle Creek
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LAKE OSWEGO, Ore.–(PRNewswire-FirstCall)–West Coast Bancorp (Nasdaq: WCBO) (“WCB” or the “Company”) today announced that it has received capital investments with gross aggregate proceeds in the amount of $155.0 million, $134.2 million of which has been contributed to its wholly owned banking subsidiary, West Coast Bank. “The capital raise enhances West Coast Bank’s capital position and increases its pro forma total CONTINUE READING >>