latest news releases from the newsroom
SmallCap Sentinel: Signs of Success
IRVINE, Calif., Sept. 20, 2007 (PRIME NEWSWIRE) -- "As investors hover around Internet news feeds for the small cap companies they own, rarely will news of national import or interest emerge," stated SmallCap Sentinel analyst D.R. Clark. "The likes of Emmy(r) awards and renewals from Sony Pictures isn't often the province of the small cap equity. Nonetheless, such is the case for Peace Arch(r) Entertainment Group Inc. (AMEX:PAE) which on the heels of four Emmy nominations and two Emmy wins for the ten-hour television series 'The Tudors' announced yesterday that Sony Pictures Home Entertainment (Sony) and The Canadian Broadcasting Corporation (CBC) have both renewed their contracts for a second season of the critically acclaimed series."
Heritage Oaks Bancorp
Heritage Oaks Bancorp Sells $5.0 Million of Trust Preferred Securities
PASO ROBLES, Calif., Sept. 20, 2007 (PRIME NEWSWIRE) -- The Board of Directors of Heritage Oaks Bancorp ("Heritage Oaks") (Nasdaq:HEOP) the holding company for Heritage Oaks Bank (the "Bank"), announced today that on September 20, 2007, it has completed a private placement of trust preferred securities in the amount of $5.0 million. The securities were issued by a special purpose business trust formed by Heritage Oaks and were sold to a pooled investment vehicle sponsored by Keefe, Bruyette & Woods (KBW) in a private transaction. The securities were sold pursuant to an applicable exemption from registration under the Securities Act of 1933, as amended (the "Act"), and have not been registered under the Act. KBW assisted Heritage Oaks in the placement of the trust preferred securities. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.