Bay Community Bancorp, (OTC Pink: CBOBA) (the “Company”), announced today that its wholly-owned subsidiary, Community Bank of the Bay, (the “Bank”) a San Francisco Bay Area commercial bank and California’s first FDIC insured Community Development Financial Institution (“CDFI”) with full-service offices in Oakland, Danville and San Mateo, completed a $119.4 million investment from the US Treasury Department.

bank is providing $1 million in support to the Washington Area Community Investment Fund (Wacif) to help to fund the acquisition and redevelopment of the Anacostia Arts Center to promote small business development in the region.

Community Bank Of The Bay Completes $119.4 Million Capital Raise; Us Treasury Makes Preferred Stock Investment

Community Bank Of The Bay Completes $119.4 Million Capital Raise; Us Treasury Makes Preferred Stock Investment

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