California Community Bank Launches Second Capital Raising.ESCONDIDO, Calif. -- California Community Bank (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CABK CABK Central Association of Beekeepers (UK) CABK Christelijke Academie voor Beeldende Kunsten (Dutch) ) today announced plans for a capital offering of $12 million. California Community Bank's directors and officers are making the offering to existing shareholders, bank customers and the general public. The Bank has also engaged Seapower Carpenter Capital, Inc. of Irvine, CA to assist with the offering. California Community Bank will offer up to 800,000 shares of common stock at a price of $15 per share. The Bank reserves Bank reserves are banks' holdings of deposits in accounts with their central bank (for instance the European Central Bank or the Federal Reserve, in the later case called federal funds), plus currency that is physically held in bank vaults (vault cash). the right to close the offering at any time at its sole discretion. California Community Bank is presently the only locally owned and controlled bank headquartered in Central Escondido. In December 2004, the Bank opened its second full service office in Vista. Offering circulars 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. containing complete pricing and other important information will be made available to prospective investors. This press release is neither an offer to sell, nor a solicitation of an offer to purchase. The planned offering will only be made through the offering circular. If you are interested in being added to the mailing list An automated e-mail system on the Internet, which is maintained by subject matter. There are thousands of such lists that reach millions of individuals and businesses. New users generally subscribe by sending an e-mail with the word "subscribe" in it and subsequently receive all new for the planned offering, or if you have other questions about California Community Bank, please call Larry Hartwig at 760-888-1001. Certain statements in the press release, including statements regarding the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion