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CHINO, Calif., Sept. 29, 2017 -- Chino Commercial Bancorp (OTCBB:CCBC) announced today that it has completed its previously announced public offering of 307,883 shares of common stock at a price of $15.00 per share. The Company received subscriptions for more shares that were available under the offering. The Company received net proceeds of approximately $4,413,091 after deducting offering expenses; and issued a total of 318,088 shares, including 10,205 bonus shares.
The Company has filed an offering statement (including an Offering Circular) with the SEC for the offering, which was qualified by the SEC on June 21, 2017. The offering statement is available on the SEC's web site at http://www.sec.gov.
About Chino Commercial Bancorp
Chino Commercial Bancorp is the parent company of Chino Commercial Bank, a national bank, headquartered in Chino, California which opened for business in September 2000 and currently operates from three full service locations in Chino, Ontario and Rancho Cucamonga, California. The Bank opened its Ontario branch in January 2006 and the Rancho Cucamonga branch in April 2010. Chino Commercial Bank is a member of both the Federal Reserve System and the Federal Home Loan Bank, and its deposit accounts are insured under the Federal Deposit Insurance Act up to applicable limits thereof. For more information, visit www.chinocommercialbank.com.
Contact: Dann H. Bowman, President and CEO or Melinda M. Milincu, Vice President and CFO, Chino Commercial Bank, N.A., 14245 Pipeline Avenue, Chino, Ca. 91710, (909) 393-8880.
