<< Back to News Index

Business Digest: Bank raises $2.5 Million

December 1, 2010

Bank raises $2.5 million

Santa Cruz County Bank announced Tuesday that it had raised $2,500,560 by issuing 241,600 shares of common stock.

The locally owned bank offered stock at $10.35 per share to a limited number of investors and closed the offering Nov. 19. The stock price has ranged from $8.05 to $12.95 in the past year.

George Gallucci, chairman of the board of directors, issued a statement saying, "We are very pleased to have received such a favorable response to our offering. The capital raised will be used to support our continued growth."

Alert: You are about to leave our site:
Santa Cruz County Bank has no control over information at any site hyperlinked to or from this site. Santa Cruz County Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Santa Cruz County Bank of any information in any hyperlinked site. In no event shall Santa Cruz County Bank be responsible for your use of a hyperlinked site.

Continue to Master Card Secure Code

Cancel

Alert: You are about to leave our site:
Santa Cruz County Bank has no control over information at any site hyperlinked to or from this site. Santa Cruz County Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Santa Cruz County Bank of any information in any hyperlinked site. In no event shall Santa Cruz County Bank be responsible for your use of a hyperlinked site.

Continue to Arts Collaborative on Facebook

Cancel