News

Intermountain Community Bancorp Announces Closing of $47.3 Million Capital Raise

  • Posted: 01/23/2012
  • Castle Creek
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SANDPOINT, Idaho–(GLOBE NEWSWIRE)–Intermountain Community Bancorp, (OTCBB:IMCB) (the “Company”), the holding company of Panhandle State Bank (the “Bank”), today announced that it had successfully closed its previously-announced $47.3 million private capital raise led by Castle Creek Capital Partners IV, L.P. (“Castle Creek”) and affiliates of Stadium Capital Management, LLC (“Stadium”) through the issuance and sale of shares of common stock at CONTINUE READING >>

BankFIRST Completes Acquisition of East Coast Community Bank

  • Posted: 01/6/2012
  • Castle Creek
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Copyright © 2012, The Daytona Beach News-Journal By Tom Knox East Coast Community Bank has been acquired by Winter Park-based BankFirst. The sale closed on Dec. 30, almost one year after the planned deal was announced. With the acquisition of Ormond Beach-based East Coast, which also has a branch office in Port Orange, BankFirst now has 12 branches throughout much CONTINUE READING >>

First Merchants Corporation Announces $21.2 Million Capital Raise and Intent to Repay $116 Million TARP Capital Purchase Program Investment

  • Posted: 09/9/2011
  • Castle Creek
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MUNCIE, Ind.–(BUSINESS WIRE)–First Merchants Corporation (NASDAQ: FRME), announced that it has raised $21.2 million in a direct private placement of its common stock. First Merchants also announced that it has received preliminary approval to receive an investment of approximately $90.8 million in the Company’s preferred stock through the Small Business Lending Fund (SBLF). First Merchants intends to utilize the proceeds CONTINUE READING >>

Heritage Oaks Bancorp Announces Simone Lagomarsino Named President & CEO

  • Posted: 09/7/2011
  • Castle Creek
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PASO ROBLES, Calif.–(GLOBE NEWSWIRE)–Heritage Oaks Bancorp (Nasdaq:HEOP) (the “Company”), parent company of Heritage Oaks Bank (the “Bank”), announced that effective Saturday, September 10, 2011, Simone Lagomarsino will become the Company’s President and Chief Executive Officer and the Bank’s Chief Executive Officer, subject to final regulatory approval or non-objection. Lagomarsino succeeds Lawrence P. Ward, whose retirement was previously announced and who CONTINUE READING >>