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BRIEF-Preferred Bank receives negotiating permit from state of California to raise new common stock
June 26, 2017 / 8:12 PM / 2 months ago

BRIEF-Preferred Bank receives negotiating permit from state of California to raise new common stock

June 26 (Reuters) - Preferred Bank-

* Preferred Bank receives negotiating permit from state of california to raise new common stock

* Preferred Bank - received ‍negotiating permit from department of business oversight to raise up to $50 million in new capital​

* Preferred Bank - plans to raise capital through an at market transaction in installments

* Preferred Bank - permit will expire on december 20, 2017 and specifically allows preferred bank to offer to sell securities

* Preferred Bank - ‍bank plans to raise capital through an at market transaction in installments Source text for Eikon: Further company coverage:

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