SAN DIEGO - Bank of Commerce received a permit from the Superintendent of Banking for the State of California to commence a public offering that, if fully subscribed, will boost the bank's capital by $5.375 million, with the potential for further capitalization in the future. The bank will use the proceeds of the offering to finance its continued expansion.

The bank is offering up to 250,000 units at a subscription price of $21.50 per unit.

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