1st Centennial Bancorp Announces Filing of Registration Statement with Respect to an Offering of Its Common Stock.Business Editors REDLANDS, Calif.--(BUSINESS WIRE)--March 19, 2003 1st Centennial Bancorp (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FCEN FCEN Facultad de Ciencias Exactas y Naturales (Spanish) FCEN Financial Crimes Enforcement Network ) today announced that it has filed a registration statement with the Securities and Exchange Commission to cover the offering of up to 225,000 shares of its common stock, all of which would be offered directly by 1st Centennial. Assisting 1st Centennial in its selling efforts will be Western Financial Corp., which will act as 1st Centennial's standby placement agent. 1st Centennial said it would use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering, which currently is expected to commence in May 2003, for general working capital purposes. 1st Centennial Bancorp (formerly Centennial First Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. ) is a bank holding company with headquarters in Redlands. It is the parent company of 1st Centennial Bank (formerly Redlands Centennial Bank). 1st Centennial Bank is an independent California state-chartered bank, which commenced operations in 1990. Including its main office and corporate headquarters in Redlands, it operates four full-service banking offices, one each in San Bernardino San Bernardino, city, United States San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854. , Riverside, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. and Orange Counties in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . It also operates a real estate and construction loan division in Redlands, and has two Southern California-based loan production offices located in Brea and Santa Ana, both in Orange County. In addition, 1st Centennial Bank has loan production offices, specific to commercial real estate conduit sales and Small Business Administration government-guaranteed lending, located in Salt Lake City and Flagstaff Flagstaff, city (1990 pop. 45,857), seat of Coconino co., N Ariz., near the San Francisco Peaks; inc. 1894. Lumbering, ranching, and a lively tourist trade thrive in the region, where many ruined pueblos, numerous state parks, several lakes, and large pine forests , Ariz. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A copy of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. related to this offering, when available, may be obtained from 1st Centennial Bancorp at 218 East State Street, Redlands, C.A. 92373. This release contains forward-looking statements that reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties including, but not limited to, the ability of the company to implement its strategy and expand its lending operations. Additional information is available on the Internet at www.1stcent.com or by contacting Beth Sanders, executive vice president and chief financial officer at bsanders@1stcent.com. |
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