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Revere Bank in Laurel, Md., has raised $15.5 million through a private placement of its common stock. The $717 million-asset bank sold 1 million shares at $15.50 per share.
June 15 -
California Republic Bancorp in Irvine, Calif., has raised $90 million through an offering of equity and debt.
November 17 -
Wells Fargo and Live Oak Bank were the top lenders in the Small Business Administration's 7(a) loan program, helping lead the agency program to its most successful fiscal year.
November 6
First Choice Bank, in Cerritos, Calif., has raised $30 million from a secondary stock offering.
The $680 million-asset bank offered common stock at $15.50 per share in a public offering, which was completed on July 1. First Choice plans to use the proceeds for growth and expansion.
First Choice sold the stock to existing shareholders and to new institutional investors, Chairman Peter Hui said in a news release. The purchasers also included local community investors, according to Hovde Group, which was lead placement agent on the offering.
The law firm of Loren P. Hansen was legal counsel on the offering.