trending Market Intelligence /marketintelligence/en/news-insights/trending/TYt-CPY0F8wLULTfKD6_SQ2 content esgSubNav
In This List

People's Bank of Commerce offering common shares


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

People's Bank of Commerce offering common shares

People's Bank of Commerce is offering for sale up to 335,570 shares of its common stock to existing shareholders, employees and the public at $14.90 per share.

The offering will begin Oct. 25 and expire Dec. 30.

The Medford, Ore.-based bank is offering the shares exclusively to current shareholders on a pro rata basis until Nov. 29. Afterward, any unsold shares will be offered to the bank's employees, current shareholders desiring to purchase additional shares above their pro rata amount and to other interested investors.

The directors and officers of People's Bank of Commerce will conduct the offering, for which they will receive no commissions. Net proceeds of the transaction, after payment of expenses, will be used for capital to support further growth of the bank.