TITLE

PremierWest Seeks to Raise $36M

AUTHOR(S)
Barba, Robert
PUB. DATE
November 2009
SOURCE
American Banker;11/23/2009, Vol. 174 Issue 210, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that PremierWest Bancorp has filed a shelf registration in anticipation of raising as much as $36 million in new capital. In the event PremierWest shareholders do not exercise all of their rights to purchase new shares, the bank will solicit institutional and other investors. PremierWest seeks to increase its total risk-based capital ratio.
ACCESSION #
45390159

 

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