1st Capital Bancorp, Inc. Announces Completion of $15 Million Subordinated Debt Offering

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Jun 18, 2021

SALINAS, CA / ACCESSWIRE / June 18, 2021 / 1st Capital Bancorp (the "Company"), (OTC PINK:FISB), the $875 million asset bank holding company and parent company of 1st Capital Bank (the "Bank"), today announced that it has completed a private placement of $15 million in fixed-to-floating rate subordinated notes due June 30, 2031 (the "Notes") to certain qualified buyers and accredited investors. 1st Capital Bancorp intends to use the net proceeds to support organic growth and for general corporate purposes.