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Community Bancorp of Santa Maria details preliminary results of tender offer

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count by the depository for the offer, a total of 1,004,788 common shares were properly tendered and not properly withdrawn.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.