1st Capital Bancorp and 1st Capital Bank Announce Formation of Holding Company

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Nov 02, 2020
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SALINAS, CA / ACCESSWIRE / November 2, 2020 / 1st Capital Bancorp (the "Company") (OTC PINK:FISB) and 1st Capital Bank (the "Bank") announced today that the Plan of Reorganization and Agreement of Merger approved by the Bank's shareholders at a Special Meeting held October 8, 2020, under which the Company would become the bank holding company for the Bank, became effective after close of market October 30, 2020. As a result of the completion of the holding company formation, each share of the Bank's common stock was converted into one share of the Company's common stock. The Company's common stock will trade on the OTC Pink marketplace under the symbol FISB, the same as that previously used by the Bank.