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The $4.8 billion-asset HomeStreet said in a press release Monday that it will pay $49.8 million in stock, or $11.70 a share, and $5.5 million in cash for the $200 million-asset Orange County Business Bank.
September 28 -
Pacific Mercantile Bancorp in Costa Mesa, Calif., has reached an agreement to swap about 3 million shares of common stock for all of its outstanding preferred stock and warrants.
August 31 -
Banc of California in Irvine is looking for a new chief financial officer, after Ronald Nicolas announced his resignation.
August 13
1st Century Bancshares in Los Angeles has filed plans to raise $30 million through a sale of common stock.
The $661 million-asset company did not specify in
1st Century reported second-quarter net income of $515,000, compared to $779,000 in the year-ago period.
Sandler O'Neill is financial adviser to 1st Century on the offering. Manatt, Phelps & Phillips is legal counsel.
