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Coronado First Bank -In Organization- Commences Initial Public Offering.


CORONADO, Calif. -- Coronado First Bank (In Organization) (the "Bank") announced today that it has received a permit from the Commissioner of the Department of Financial Institutions for the State of California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  to commence an initial public offering (the "Offering"). The Offering seeks to raise between $12,000,000 and $15,000,000.

The Bank is offering 1,200,000 to 1,500,000 shares of its common stock, at a price of $10.00 per share.

The Offering is being made to the public by the Bank's directors and officers. The Offering will expire expire /ex·pire/ (ek-spi´er)
1. to exhale.

2. to die.


ex·pire
v.
1. To breathe one's last breath; die.

2. To exhale.
 on July 18, 2005, unless the Bank earlier terminates or extends the Offering.

For further information regarding proposed subscriptions to the Offering or to obtain a copy 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.
, contact Mr. Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England.  Ives, President and Chief Executive Officer, at 619-795-0636.
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Publication:Business Wire
Date:May 31, 2005
Words:136
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