Capital Pacific Bancorp Secures $3.2 Million Private Placement

Capital Pacific Bancorp

raised $3.2 million in a private placement of common stock with a group of experienced bank investors at $4.35 per share. The investment signals a strong commitment to the bank's innovative business model and concentration as a business bank. “The infusion of new capital allows us to move to the next level in our strategic plan, capitalize on market opportunities with the expansion of our sales force, and broaden our reach into the business community,” said Mark Stevenson, CEO.