California Bank of Commerce to Raise $12M

Community banking

SVB in California Could Raise $466 Million in Stock Offering

SVB Financial (SIVB) in Santa Clara, Calif., has filed to sell nearly 4.5 million shares of common stock.

By Paul Davis

May 13
M&A

N.Y. Community, Nearing $50B Mark, Confronts Capital Conundrum

The company will soon exceed $50 billion in assets, which will bring with it added scrutiny and possible pressure to lower its dividend. CEO Joseph Ficalora is hopeful that he can preserve a high dividend, even though regulators appear to have a preference for repurchase activity.

By Robert Barba

May 5

California Bank of Commerce (CABC) in Lafayette plans to raise $12 million through a secondary offering.

The $349 million asset-bank said it would use the funds to expand its lending and deposit operations. The deal has received approval from the California Department of Business Oversight.

"We are excited about the opportunities we see in our market and look forward to expanding our capacity to bank middle market businesses in northern California," Terry Peterson, the bank's president and chief executive officer, said in a press release Tuesday.

Kristin Broughton

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