First Regional Bancorp says all 6% debentures converted ahead of redemption

By Caroline Salls

Pittsburgh, Dec. 15 - First Regional Bancorp said 100% of its 6% convertible subordinated debentures due 2023 were converted prior to the redemption date into 545,451 shares of the company's common stock at a conversion price of $27.50.

The redemption date was Dec. 16.

First Regional Bancorp is a Century City, Calif.-based bank holding company.

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