SAN DIEGO–(BUSINESS WIRE)–Southern California Bancorp (the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”), announces the successful completion of a capital raise of approximately $42 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $12.00 per share.
“We are very pleased with the investment community’s response to the Southern California Bancorp offering, with strong interest shown by both institutional and individual accredited investors,” said David Rainer, Executive Chairman of Southern California Bancorp.
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