People’s Bank: Hoping to expand its commercial lending, People’s Bank of Commerce announced a $2.5 million stock offering on Wednesday.The privately held bank with headquarters on Biddle Road in Medford said it is offering 263,158 shares of common stock, priced at $9.50 per share. Present stockholders have until Dec. 10 to reserve one new share for every four they now hold. After that date, the limit will be removed for present shareholders, while new investors can buy in with a minimum purchase of 1,000 shares.
Read Full Story: The USA News
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