SANTA CLARITA BANK FILES TO OFFER STOCK.Byline: Daily News
SANTA CLARITA Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, - The new Bank of Santa Clarita announced Friday that officials had filed a stock-permit application with the state Department of Financial Institutions relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed public offering of shares of its common stock to raise about $7 million.
The bank expects to start the offering before the end of the year, subject to regulatory approvals. The offering price of the shares, also subject to approval, had not been determined.
These securities may not be sold nor offers made to buy them before the permit is approved. The bank began operations in October, and as of March 31 had total assets of $31.2 million; total deposits of $18.6 million and stockholders' equity Stockholders' Equity
The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. of 12.3 million.
The bank's main office is at at 27441 Tourney tourney: see tournament. Road, Suite 125, Valencia. James D. Hicken is president and chief executive officer.