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Coast Bancorp (CTBP) raised $6.8 million in capital through a private placement offering as it looks to grow after recently resolving a regulatory order.
June 13 -
Heritage Oaks Bancorp in Paso Robles, Calif., has purchased of $3 million worth of its trust-preferred securities.
August 5 -
If approved, Core Commercial Bank would be just the third new bank to open in the U.S. since the financial crisis.
June 25
Coast Bancorp has sold two buildings next to its bank's headquarters in San Luis Obispo, Calif., and has refinanced debt.
The $128 million-asset company will record a third-quarter, pretax
Separately, Coast refinanced $2 million of senior notes into $2.5 million of notes carrying a 6% interest rate and due 2018. The $2 million of senior notes had carried a 10% rate and the rate was set to switch to 12%.
