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Broadway Financial in Los Angeles plans to raise nearly $10 million through a private placement.
September 19 -
Pacific Premier in Irvine, Calif., has raised approximately $59 million through a private placement.
September 2 -
Open Bank (OPBK) in Los Angeles has raised $30 million in a private offering of common stock.
June 23
Presidio Bank in San Francisco has
The $484 million-asset bank raised the capital by selling subordinated notes. The debt is expected to qualify as Tier 2 capital for regulatory purposes.
Presidio intends to use the funds to support organic growth, it said in a press release Wednesday.
"We plan to use this additional capital to continue to execute our growth strategy in the San Francisco Bay Area," Steve Heitel, Presidio's president and chief executive, said in the release.
Sandler O'Neill served as the placement agent for the transaction. Manatt, Phelps & Phillips was legal counsel to Presidio.
