1st Century Bank, N.A. Announces Commencement of Secondary Stock Offering.LOS ANGELES -- 1st Century Bank, N.A. ("1st Century") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FCNA FCNA Fiqh Council of North America FCNA Football Club de Nantes Atlantique FCNA Force Command Northern Area (Pakistan) ) announced that it has commenced its best efforts public offering of up to 4,000,000 shares of its common stock at an offering price of $8.00 per share. Prior to the commencement of the offering, 1st Century's directors and executive officers, institutional investors, and other outside investors indicated an intention to purchase approximately 1,000,000 shares in the offering. 1st Century opened for business on March 1, 2004 after raising $26.4 million in common stock from over 400 investors at an initial offering price of $10.00 per share. A two-for-one stock split was completed on February 28, 2005. 1st Century is a full service bank headquartered in the Century City area of Los Angeles, California. 1st Century's primary focus is relationship banking to family owned and closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. middle market businesses, professional service firms and high net worth individuals, real estate investors and entrepreneurs. Additional information is available at www.1stcenturybank.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy a security. Offers to buy or sell securities of 1st Century Bank are being made solely by means of and on the terms and conditions described in an Offering Circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. , dated May 12, 2005, which has been registered with and declared effective by the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. . |
|
|||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion