Sanford Alan Rosen

Practice Details

• Firm Information
  Position

  Of Counsel

  Firm Name

  Duane Morris LLP
• Representative Cases & Transactions
  Cases

  Representative Matters: Represented Southern California Bancorp in its $42 million capital raise through the issuance of common stock in a private placement to institutional
  accredited individual investors at a price of $12 per share.
  Filed an Application for Authority to Organize Bank with the California Department of Business Oversight
  an Application for Federal Deposit Insurance with the Federal Deposit Insurance Corporation for a de novo bank, New Enterprise Bank (proposed), to be located in the Silicon Valley.
  Represented American Riviera Bank (OTC Markets: ARBV), a full-service community bank, in its $8.5 million capital-raise of common stock, the net proceeds of which will support growth
  expansion in California's Central Coast.
  Represented Bank of Southern California in its $33 million acquisition of CalWest Bancorp
  its wholly-owned bank subsidiary, CalWest Bank.
  Represented Valley Republic Bancorp, a bank holding company, in its $20 million fixed-to-floating rate subordinated debt offering to institutional
  private accredited investors.
  Represented Bank of Southern California in an acquisition including negotiating
  documenting the merger agreement, conducting a fairness hearing before the California Dept. of Business Oversight for a stock permit, preparing the joint proxy materials
  preparing the regulatory applications.
  Represented Bank of Southern California in a private placement to support a then pending merger
  to support anticipated continued growth in assets that included preparation of offering related documents, regulatory filings,
  ancillary amendment to Articles to increase authorized capital.
  Represented Willamette Community Bank in a private placement to support anticipated continued growth in assets that included preparation of offering related documents
  regulatory filings,
  coordination of the closing.
  Represented Gateway Bank, F.S.B., headquartered in Oakl
  , California focused on servicing the Asian ethnic community, in its private placement offering of common stock, resulting in raising $10.5 million in capital (a significant part of the Bank's achieving compliance with the regulatory order to which the Bank is a party
  returning the Bank to positive financial performance).