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Bank of Southern California NA

Bank of Southern California, N.A. Announces $7M Capital Offering with Castle Creek Capital

SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has signed a stock purchase agreement for a private placement of $7 million of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California. The transaction is anticipated to close in the fourth quarter, subject to regulatory approvals and other standard closing conditions.