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Sierra Vista Bank Receives New Capital
FOLSOM, CA--(Marketwired - May 16, 2013) - Sierra Vista Bank (OTCQB: SVBA) today announced that it has received new capital funding from the Taylor International Fund, LTD which had been negotiated last December subject to regulatory approval. The total capital infusion received by the Bank from the Taylor International Fund, LTD came to just over $1.5 million. The new capital is in addition to the public offering conducted by the Bank in the third quarter of 2012, which raised more than $2.0 million. The Bank utilized Caldwell Securities, Inc. as the placement agent in this transaction.
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