Klamath Falls-based bank South Valley Bancorp announced that it will make an initial public offering of up to $46 million later this year.
Klamath Falls-based bank South Valley Bancorp announced that it will make an initial public offering of up to $46 million later this year.
South Valley Bancorp Inc., which owns 34-year-old South Valley Bank & Trust, is the second Oregon-based company to announce an IPO this year.
The sixth-largest, Oregon-based bank said it has not yet determined how many shares it will offer or the offering price. The bank has $850 million in assets, owns 24 branches in southern and central Oregon and has nearly $750 million in deposits.
Read more at OregonLive.com.
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