By Sheri Kasprzak
New York, Nov. 21 - Temecula Valley Bancorp Inc. completed a private placement for $26.8 million.
The company sold 1,400,569 shares to a group of institutional and individual investors.
The exact price per share could not be determined by press time Tuesday.
Sandler O'Neill & Partners, LP was the lead agent with Howe Barnes Hoeffer & Arnett, Inc. and Ryan Beck and Co., Inc. as the co-agents.
Proceeds will be used for general corporate purposes.
Located in Temecula, Calif., Temecula Bancorp operates Temecula Valley Bank.
| Issuer: | Temecula Valley Bancorp Inc.
|
| Issue: | Stock
|
| Amount: | $26.759 million
|
| Shares: | 1,400,569
|
| Warrants: | No
|
| Placement agent: | Sandler O'Neill & Partners, LP (lead); Howe Barnes Hoeffer & Arnett, Inc.; Ryan Beck and Co., Inc.
|
| Settlement date: | Nov. 21
|
| Stock symbol: | Nasdaq: TMCV
|
| Stock price: | $20.2891 at close Nov. 21
|
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