By Sheri Kasprzak
New York, Sept. 6 - First Community Bancorp said it has raised $14.1 million from a direct placement of stock.
The company has signed agreements to sell 300,000 shares at $47.00 each to 12 institutional investors. The deal was priced on Sept. 2, when the company's closing stock price was $47.29.
Based in Rancho Santa Fe, Calif., First Community Bancorp is a holding company for banks in Southern California.
| Issuer: | First Community Bancorp
|
| Issue: | Stock
|
| Amount: | $14.1 million
|
| Shares: | 300,000
|
| Price: | $47.00
|
| Warrants: | No
|
| Pricing date: | Sept. 2
|
| Announcement date: | Sept. 6
|
| Stock price: | $47.29 at close Sept. 2
|
| Stock price: | $47.22 at close Sept. 6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
