PremierWest Extends Capital Raising

PremierWest Bancorp in Medford, Ore., is extending its public stock offering by two days to April 2. The $1.56 billion-asset company started the offering last Monday to raise $17.3 million. So far, PremierWest has raised $7.6 million. The public raise follows a rights offering earlier this month that garnered PremierWest $18.7 million. In total, it is hoping to raise $36 million of capital for the PremierWest Bank unit.