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REDWOOD EMPIRE BANCORP FILES REGISTRATION STATEMENT FOR $12 MILLION DEBT OFFERING

 SANTA ROSA, Calif., Nov. 5 /PRNewswire/ -- Redwood Empire Bancorp (AMEX: REB) today announced that is has filed a Registration Statement with the Securities and Exchange Commission (SEC) for a $12 million subordinated debt offering. The notes are intended to qualify as Tier 2 Capital.
 Piper Jaffray Inc. will be the lead underwriter for the proposed offering. Van Kasper & Co. will be the co-manager.
 A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press released does not constitute an offer to sell or the solicitation of an offer to buy nor will there by any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Redwood Empire Bancorp is the holding company for two financial institutions: National Bank of the Redwoods, a commercial bank, and Allied Savings Bank, F.S.B., a savings bank. The company operates throughout Northern and Central California.
 A prospectus relating to these securities may be obtained from Piper Jaffray Inc., 222 S. 9th St., Minneapolis, MN 55440, attn: Syndicate Dept., or Van Kasper & Co., 50 California St., San Francisco, CA 94111.
 -0- 11/5/93
 /CONTACT: Doug Sherk or Jenifer Kirtland, 415-296-7383, or Michele Katz or Jill Moskowitz, 212-850-5600, all of Morgen-Walke for Redwood Empire Bancorp/
 (REB)


CO: Redwood Empire Bancorp ST: California IN: FIN SU: OFR

TM-PK -- SF009 -- 1299 11/05/93 14:54 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 5, 1993
Words:273
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