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The $168 million-asset asset lender is offering as many as 500,000 shares at $10 per share, it announced Monday. The stock closed Friday at $9.85 a share; it had risen 1.5%, to $10, at midday Monday.
June 10 -
Pacific Valley Bank (PVBK) in Salinas, Calif., will restate certain earnings after a review of its loan portfolio caused it to question certain loan classifications.
April 25
People's Bank of Commerce (PBCO) in Medford, Ore., has restated its full-year 2013 and first-quarter earnings to reflect higher profits after correcting its reporting on foreclosed properties.
The $192 million-asset company increased its full-year 2013 earnings to $1 million, up 14% from its previous statement. People's first-quarter earnings rose 21% from the previously reported amount, to $204,000.
People has now corrected its accounting methodology and the changes are non-recurring, President and Chief Executive Ken Trautman said in a Friday press release.
