1st Century Bank, N.A. Announces Filing for Secondary Stock Offering.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- 1st Century Bank, N.A. ("Bank" or "Company"), (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 on April 1, 2005, it filed a registration statement with 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. to conduct a best efforts open-ended public offering of up to 4,000,000 additional shares of its common stock. The price per share will be determined by the Board of Directors closer to the commencement date of the offering, which is expected to be in May of this year. At that time, copies of the 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. may be obtained from the Bank. The Company will receive all the proceeds from this offering. 1st Century Bank 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 Bank, N.A. is a full service bank headquartered in the Century City area of Los Angeles, California. 1st Century Bank's primary focus is relationship banking to 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. A registration statement relating to these securities has been filed with the Office of the Comptroller of the Currency, 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 press 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. |
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