Capital Corp. of the West in Merced, Calif., warned Thursday that if it is unable to raise capital its future could be jeopardized.
In filings with the Securities and Exchange Commission this week, the bank holding company updated its "safe harbor" statements, which offer guidance about the risks related to the company's forward-looking statements.
The company announced Wednesday that it planned to apply for the Treasury Department's Capital Purchase Program. It said that if its application is approved it could sell up to $46 million of senior preferred stock to the government under certain circumstances.
