Bank of Commerce (Proposed) Has Raised More Than Half Of Its Required Capital

After just two months of proactive sales, Bank of Commerce (Proposed), Charlotte, North Carolina, now has received subscriptions for more than 800,000 shares of its common stock out of its minimum offering of 1.4 million shares.

(PRWEB) June 9, 2005 -- After just two months of proactive sales, Bank of Commerce (Proposed), Charlotte, North Carolina, now has received subscriptions for more than 800,000 shares of its common stock out of its minimum offering of 1.4 million shares.

In our past experience, it took us nine months to sell 800,000 shares, and we have surpassed that milestone in just two months," says Bank of Commerce (Proposed) President and CEO, Wes Sturges. This is a strong endorsement in the strength of our small business banking concept from investors in our community."

Sturges also commented that many of the investors are small business owners who are saying with their hard-earned money that there is a need for this financial institution.

Bank of Commerce (Proposed) plans to serve the needs of small to mid-sized businesses in the Charlotte, NC area. From its Charlotte office at 100 Queens Road, it will offer guidance to customers from experienced loan officers, in addition to start-up capital and other financial products and services. Online banking, courier service and extended deposit hours will be additional hallmarks of the Bank of Commerce (Proposed). The proposed banks website address is www.bankofcommercenc.com.

This announcement is neither an offer to sell nor a solicitation of an offer to buy shares of common stock of the proposed bank. An offer is made only by the proposed banks offering circular.

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