Center Financial Makes Private Placement

Los Angeles Private Placement

Center Financial Corp. announed that it completed a private placement (via private placement memorandum offering) of 3.36 million new shares of common stock, with gross proceeds of $12.8 million.

The Los Angeles holding company of Center Bank noted that accredited investors participated in the placement, which was priced at $3.71 per share for outside investors. That was a 5 percent discount to the volume-weighted average trading price of the company’s stock in the five trading days before Nov. 19.

Net proceeds will be used for working capital and general corporate purposes.

Shares were up 10 cents, or 2 percent, to $4.64 in midday trading on Nasdaq.

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PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

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