Community Bank Of The Bay Completes $119.4 Million Capital Raise; Us Treasury Makes Preferred Stock Investment
Jun 07, 2022•over 3 years ago
Amount Raised
$119 Million
Description
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.
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