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Coast Bancorp Announces Capital Raise
SAN LUIS OBISPO, CA--(Marketwired - Jun 12, 2014) - Coast Bancorp ("the Company") (OTCBB: CTBP), parent company for Coast National Bank, announced today the successful completion of a Private Placement of $6.8 million of debt and equity capital consisting of 4,800,000 in common stock of Coast Bancorp at $1.00 per share and $2,000,000 of Private Lender Senior Notes. The offering was primarily to accredited investors. The $6.8 million offering successfully provides the cash required to meet the obligations of the Company and provide for future growth. FIG Partners, LLC acted as sole placement agent for this offering.
View More : http://www.marketwired.com/mw/release.do?id=1920226&sourceType=3
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