Community Bancorp of Santa Maria disclosed the preliminary results of its cash tender offer for up to 300,000 of its common shares at $15 per share.
The tender offer expired at 5 p.m. ET, on Dec. 6.
Based on the preliminary count by the depository for the offer, a total of 1,004,788 common shares were properly tendered and not properly withdrawn. Due to the oversubscription of the tender offer, the company will purchase on a pro rata basis approximately 20.68% of the shares.
Georgeson LLC was the information agent for the offer.