Business News • MarketWire • First California Receives Approval to Participate in SBLF |
First California Receives Approval to Participate in SBLF |
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First California Receives Approval to Participate in SBLF
WESTLAKE VILLAGE, CA--(Marketwire - Jun 20, 2011) - First California Financial Group, Inc. (NASDAQ: FCAL), the holding company of First California Bank, said it has received approval from the U.S. Department of the Treasury for participation in the Small Business Lending Fund (SBLF), subject to the Treasury's customary due diligence and closing conditions. The SBLF is Treasury's effort to bring Main Street banks and small businesses together to help create jobs and promote economic growth in local communities. First California will use the SBLF proceeds for the repayment of the $25 million of outstanding preferred shares issued under the Treasury's Capital Purchase Program (CPP) and anticipates that the transaction will close within 30 days.
View More : http://www.marketwire.com/mw/release.do?id=1529183&sourceType=3
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