Community Bancorp of Santa Maria is offering to purchase for cash up to 300,000 common shares at a purchase price of $15 per share.
The offer will expire at 5 p.m. ET on Dec. 6, unless extended.
The offer is part of the company's plan to return approximately $4.5 million to its shareholders. Community Bancorp believes that the tender offer represents an opportunity for the company to return capital to shareholders who elect to tender their shares, while at the same time increasing non-tendering shareholders' proportionate interest in the company.
Georgeson LLC is the information agent for the offer.
