Plaza Bank Completes $4.2MM Stock Offering

Business Wire

SEATTLE--(BUSINESS WIRE)--

Plaza Bank (PZBW) announced today that it has completed a stock offering raising $4.2 million from individual investors. George Armendariz, Chairman of Plaza Bank, stated that “the new capital will allow the Bank to expand relationships with our existing clients, and allows us to serve a broader range of clients in the Puget Sound area.” Michael Paul, President and CEO, added, “Our growth strategy is aimed at commercial enterprise, professional firms and not-for-profit organizations. We offer a full service integrated organization with treasury management, strong communication and a growing Delivery Culture, emphasizing the satisfaction of clients. To this end, we will be adding to our team to facilitate our anticipated growth.”

The Bank’s counsel for this offering was Glen Garrison of Keller Rohrback, L.L.P. Robert Rogowski and Joey Warmenhoven of McAdams Wright Ragen, Inc. acted as financial advisors to Plaza, and a portion of the offering was placed by Joey Warmenhoven of McAdams Wright Ragen, Inc.

About Plaza Bank

Plaza Bank is a state chartered full service commercial bank, headquartered in downtown Seattle. The Bank was founded in April 2006 to provide complete commercial banking services tailored for the multicultural small business community of Puget Sound. For more information on Plaza Bank, contact us at (206) 436-7600 or visit us at www.plazabankwa.com.

Contact:
Plaza Bank
Michael V. Paul, 206-436-7621
President and CEO
mpaul@plazabankwa.com

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