Central Valley Community Bancorp in Fresno, Calif., filed Tuesday to register roughly 1.3 million shares with the Securities and Exchange Commission.
The shares were sold, but not registered, in a December offering that raised roughly $8 million for the $765 million-asset company, said Daniel J. Doyle, its president and chief executive officer.
Central Valley Community received a $7 million investment through the Treasury Department's Troubled Asset Relief Program. The capital-raising effort enabled the company to eliminate the unvested warrants that were held by the Treasury Department.
Last year Central Valley's earnings fell 56%, to $2.2 million. The decline was primarily the result of larger provisions for loan losses.
The company had a $10.2 million provision in 2009, up 41% from the provision in 2008.
