Published on 8/21/2009 in the Prospect News PIPE Daily.
New Issue: Pacific Valley Bank orchestrates $2 million private placement of stock
By Devika Patel
Knoxville, Tenn., Aug. 21 - Pacific Valley Bank said it plans a $2 million private placement of equity.
The Salinas, Calif., bank will sell common shares at $7.00 per share with a 20% greenshoe.
| Issuer: | Pacific Valley Bank
|
| Issue: | Common shares
|
| Amount: | $2 million
|
| Greenshoe: | 20%
|
| Price: | $7.00
|
| Warrants: | No
|
| Pricing date: | Aug. 21
|
| Stock symbol: | OTCBB: PVBK
|
| Stock price: | $7.75 at close Aug. 21
|
| Market capitalization: | $19.4 million
|
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