Capital Corp of the West Common Stock Sold.MERCED, Calif.--(BUSINESS WIRE)--Sept. 4, 1997--Country Finance & Thrift recently sold 1,725,000 shares of common stock at $11.50 per share in a public offering. The offering, underwritten by Sutro & Co. Incorporated, was completed on August 28 and netted approximately $18 million after underwriters' discounts and expenses. The funds will be used to finance the acquisition of three branches of Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. in Livingston, Dos Palos and Mariposa in California's Central Valley, and for general corporate purposes. The conversion of these offices is scheduled for December 1997. At June 30, 1997, Capital Corp of the West (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCOW CCOW Clinical Context Object Workgroup CCOW Channel Control Order Wire CCOW Control Channel Order Wire CCOW Contributing to Coalition Operations Worldwide CCOW Computer Care on Wheels (Brantford, Ontario, Canada) ) had consolidated assets of $293 million, net loans of $193 million and deposits of $258 million. Capital Corp of the West's common stock is traded on NASDAQ under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CCOW. County Bank, celebrating 20 years of quality service, currently has nine offices located in Merced, Stanislaus and Tuolumne Counties. Town & Country Finance & Thrift has four offices located in Fresno, Visalia, Turlock and Modesto. This year is also an anniversary year for Town & Country Finance & Thrift, as they celebrate 40 years as a leading service provider. Both organizations are members FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). and are equal housing lenders. For further information, please contact Janey Boyce, SVP/Chief Financial Officer or Tom Hawker/CEO/President at 209/725-2269. CONTACT: Capital Corp of the West Jo Linda Thompson
Linda Diane Thompson (born May 23, 1950, in Memphis, Tennessee) is an American actress and songwriter. , 209/725-2219 |
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