Pacific West Bank Announces Stock Offering
September 09 2010 - 1:31PM
Business Wire
Pacific West Bank (OTCBB:PWBO) has announced that it has
initiated a stock offering to the public. The community bank is
selling up to 1.5 million shares of common stock at $3.00 per
share. The Bank intends to use net proceeds from the offering to
enhance the capital of the Bank and to position the Bank for future
growth opportunities.
This announcement does not constitute an offer to sell
securities or a solicitation of an offer to purchase securities.
The offer and sale of securities of the Bank will only be done by
means of an Offering Circular and a Subscription Agreement, copies
of which can be obtained from the West Linn or Lake Oswego branch,
or download at the INVESTOR INFO page at www.bankpacificwest.com.
Steve Gray, President & CEO, is also available to speak
directly with prospective investors and can be reached at
503-905-2217 or sgray@bankpacificwest.com.
ABOUT PACIFIC WEST BANK
Pacific West Bank, a community bank, commenced operations in
November 2004. The Bank, headquartered in West Linn, Oregon, opened
its second branch in Lake Oswego, Oregon in 2008. Pacific West Bank
provides not only highly personalized deposit and loan services to
individuals and small-to-medium-sized businesses but also financial
and volunteer support to a variety of community, business and
charitable organizations. For more information about Pacific West
Bank, please call 503-905-2222 or visit www.bankpacificwest.com.
Pacific West Bank’s stock symbol is PWBO and information about the
stock can be found at www.otcmarkets.com.
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