Lane Powell represented Pacific West Bank in its successful completion of a primary capital offering for the issuance and sale of approximately 1,943,000 shares of common stock for estimated gross proceeds of $27.2 million. The proceeds will be used for general corporate purposes, including a previously announced growth strategy within Portland, Oregon.
Pacific West Bank offers a broad range of business and personal banking services to closely held businesses and nonprofit organizations located through the Portland, Oregon MSA. The stock trades on the OTCBB marketplace under the symbol PWBO.
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