People’s Bank of Commerce Announces New Capital Offering

Fri Jun 7, 2013 6:28pm EDT

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People’s Bank of Commerce Announces New Capital Offering

People’s Bank of Commerce (OTCBB: PBCO), headquartered in Medford, Oregon, is offering for sale up to 500,000 shares of its common stock to existing shareholders, employees and the public at $10.00 per share. The Offering will commence June 10, and expire on August 31, 2013, unless we terminate it earlier or extend it.

We are offering the shares exclusively to our current shareholders on a pro-rata basis until July 8, 2013, after which time we will offer unsold shares, if any, to employees of the Bank, current shareholders desiring to purchase additional shares (above their pro-rata amount) and to other interested investors. Our directors and officers will conduct the Offering, for which they will receive no commissions. Net proceeds of the Offering, after payment of expenses, will be used for capital to support further growth of the bank.

People’s Bank of Commerce is an Oregon state bank that commenced operations in March 1998. The Bank conducts business from its main office and a branch office, both located in Medford, Oregon, and branch offices in Ashland and Central Point, Oregon.

An Offering Circular and related offering materials will be mailed to all current shareholders and are available upon request from Russ Milburn, Chief Financial Officer of People’s Bank of Commerce, 1311 Barnett Road, Medford, OR 97504. Tel: 541-608-8912.

This announcement does not constitute an offer to sell securities or a solicitation for an offer to buy securities. The offering will be made solely by subscriptions and conducted exclusively under the terms contained in the Offering Circular. The securities being offered are not bank deposits and are not insured by the Federal Deposit Insurance Corporation.

People’s Bank of Commerce
Russ Milburn, 541-608-8912
Chief Financial Officer

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