The Bank Slate


California, Oklahoma banks complete private placements

Banks in California and Oklahoma have raised capital through private placements of common stock.

First Altus Bancorp, the parent of the $414 million-asset Frazer Bank in Altus, Okla., brought in $2.4 million in capital on July 13, according to data compiled by Performance Trust Capital Partners.

Friendly Hills Bancorp, the $393 million-asset holding company for First Pacific Bank in Whittier, Calif., raised about $3.3 million.

Performance Trust did not include details about the investors or pricing for the offerings.

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