News

Community Trust Financial Raises $85 Million Through Private Placement

  • Posted: 12/14/2012
  • Castle Creek
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Copyright © 2012, SNL Financial By Nicole De Dios Community Trust Financial Corporation (“Community Trust”) announced today that on December 14, 2012, it raised approximately $85 million in equity capital, before expenses, through a private placement of common stock and nonvoting preferred stock. The lead investors in the offering include funds managed by affiliates of Pine Brook and Castle Creek. CONTINUE READING >>

Square 1 Financial Announces $20.6 Million Capital Raise

  • Posted: 10/1/2012
  • Castle Creek
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Square 1 Financial, Inc., the holding company for Square 1 Bank, is pleased to announce that it has raised $20.6 million through a private placement of its common stock. Shares were sold to existing institutional shareholders, and proceeds will be used to support Square 1 Bank’s continued strong growth and for other general corporate purposes. “We are very pleased with CONTINUE READING >>

Columbia Banking System to Acquire West Coast Bancorp

  • Posted: 09/26/2012
  • Castle Creek
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Copyright © 2012, Portland Business Journal West Coast Bancorp on Wednesday said it will be acquired by Columbia Banking System in a deal valued at $506 million. Lake Oswego-based West Coast Bancorp (NASDAQ: WCBO), parent of West Coast Bank and West Coast Trust Co., operates 58 branches in Oregon and Washington. It has $2.4 billion in assets. Columbia Banking System CONTINUE READING >>

Intermountain Community Bancorp Announces Reverse Stock Split

  • Posted: 08/31/2012
  • Castle Creek
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SANDPOINT, Idaho–(GLOBE NEWSWIRE)–Intermountain Community Bancorp (OTCBB:IMCB) today announced that the Company will implement effective as of the close of business on October 5, 2012, a 1-for-10 reverse stock split of Intermountain’s common stock (both voting and nonvoting) that was approved by the shareholders at the Company’s Annual Meeting on May 17, 2012. As fixed by the Board of Directors, shareholders CONTINUE READING >>