California United Bank - In Organization - Announces Offering.ENCINO, Calif. -- David I David I, king of Scotland David I, 1084–1153, king of Scotland (1124–53), youngest son of Malcolm III and St. Margaret of Scotland. During the reign of his brother Alexander I, whom he succeeded, David was earl of Cumbria, ruling S of the Clyde . Rainer, president and chief executive officer, and Stephen G. Carpenter, chairman of the board, of California United Bank (In Organization) in Encino, Calif., announced today that the Bank has commenced an initial offering of 2,200,000 to 2,500,000 shares of its Common Stock. The price is $10.00 per share. California United Bank (In Organization), a new community business bank incorporated in the state of California, is in the process of organizing. Subject to successful completion of the offering and receipt of authority from the California Department of Financial Institutions to engage in the banking business and insurance of accounts from the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. , the Bank will serve the banking needs of businesses and residents located in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. and surrounding communities of 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. , Calif. The directors of the Bank, in addition to Rainer and Carpenter, are Roberto E. Barragan, Kenneth L. Bernstein, Robert C. Bills, Bruce C. English, Roy A. Salter, Daniel F. Selleck and Charles H. Sweetman. The Bank's senior officers, in addition to Rainer and English, are Anne A. Williams and Robert J. Dennen. Persons interested in receiving 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. and subscription materials are asked to contact the Bank's Organizational Office at 15821 Ventura Boulevard Ventura Boulevard is one of the primary east-west thouroughfares in the San Fernando Valley; as it was originally a part of the El Camino Real (the trail between Spanish missions), Ventura Boulevard is the oldest route in the San Fernando Valley. It was also U.S. , Suite 260, Encino, CA 91436, or by phone at (818) 257-7758, by fax at (818) 257-7701 or by email at jmartinez@californiaunitedbank.com. |
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