The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

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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