-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S+3cvnfKaIBdLM/V7/H4MXNy0zDy3PG3s1HZTTOVWX4W6K3h3PrAVI2DXR2OoFZa IYVH3nXzfQTl9nybIrLqRA== 0001004740-06-000006.txt : 20060213 0001004740-06-000006.hdr.sgml : 20060213 20060213125040 ACCESSION NUMBER: 0001004740-06-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060213 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060213 DATE AS OF CHANGE: 20060213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL CORP OF THE WEST CENTRAL INDEX KEY: 0001004740 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 770405791 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27384 FILM NUMBER: 06602049 BUSINESS ADDRESS: STREET 1: 550 W MAIN STREET CITY: MERCED STATE: CA ZIP: 95340 BUSINESS PHONE: 2097252200 MAIL ADDRESS: STREET 1: 550 W MAIN STREET CITY: MERCED STATE: CA ZIP: 95340 8-K 1 form8k.htm HERITAGE PURCHASE Heritage Purchase


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

---------------

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934


Date of report (Date of earliest event reported): February 13, 2006


CAPITAL CORP OF THE WEST
(Exact Name of Registrant as Specified in Charter)
 
 


California
0-27384
77-0147763
(State or Other Jurisdiction
(Commission File
(IRS Employer
of Incorporation)
Number)
Identification No.)



550 West Main Street, Merced, California 95340
(Address of Principal Executive Offices) (Zip Code)


(209) 725-2200
(Registrant's telephone number, including area code)



N/A
(Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



ITEM 8.01 Other Events

On January 31, 2006, County Bank, a subsidiary of Capital Corp of the West, agreed to purchase approximately $30,000,000 of asset based loans from Heritage Bank of Commerce, a subsidiary of Heritage Commerce Group. As part of this transaction, several former employees of Heritage Commerce Group have joined County Bank. These employees are responsible for the management and expansion of this segment of County Bank’s loan portfolio and will be based out of San Jose, CA which is County Bank’s 23rd branch. Capital Corp of the West issued a press release related to this loan acquisition on February 9, 2005. A copy of the press release appears as Exhibit 99.1 to this Current Report and is incorporated herein by reference.


ITEM 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.
Not Applicable

(b) Pro Forma Financial Information.
Not Applicable

(c) Exhibits
99.1 Copy of press release, dated February 9, 2006, issued by Capital Corp of the West.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.


Capital Corp of the West
------------------------------
(Registrant)



Dated: February 13, 2006
By/s/ David A. Curtis
 
David A. Curtis
 
Senior Vice President and Controller

EX-99.1 2 exhibit991.htm PRESS RELEASE DATED FEBRUARY 9, 2006 Press release dated February 9, 2006
 


 
For Immediate Release

County Bank Purchases
$30 Million Asset Based Loan Portfolio
Announces Second Bay Area Branch

MERCED, CA - February 8, 2006 - County Bank, a subsidiary of Capital Corp of the West (NASDAQ: CCOW) and Central California’s Community Bank, today announced the purchase of an asset based loan portfolio, valued at $30 million, from San Jose-based Heritage Bank of Commerce.

“The purchase of this loan portfolio and the hiring of key personnel responsible for its success is an important strategic step for County Bank,” said Ed Rocha, President of County Bank. “The addition of asset based lending expertise provides another important element to the services we can now offer our business customers. In addition, asset based lending supplies an important addition to non-interest income. Finally, this transaction gives us an additional presence outside of our traditional Central Valley footprint and along with our San Francisco branch, allows us to ‘bookend’ the greater Bay Area.”

“We have already received regulatory permission to open a full service branch in San Jose as of February 9th,” continued Mr. Rocha. “Building on this new base, we believe that our culture of strong customer service, along with a strengthened product portfolio, will allow us to continue expanding our operations along the San Francisco peninsula and the East Bay.”

“This new asset based lending capability enables County Bank to provide additional lending services to its business customers; to be a better partner in helping them to achieve their goals,” said Mr. Rocha. “We are excited to welcome such a group of highly respected bankers that will ensure that County Bank continues to meet and exceed its customers’ expectations. Joining the Business Finance Department are: Jim Christiansen, SVP/Business Finance Manager; Kevin Knox, VP/Business Finance Credit Officer and Debbie Muraoka, VP/Business Finance Administrator.

The new office will be located at the Regus Business Center, 2033 Gateway Place #660, San Jose, CA 951100.

About County Bank
Capital Corp of the West, a bank holding company established November 1, 1995, is the parent company of County Bank, which has 29 years of service as “Central California’s Community Bank.” County Bank ranks fifth out of thirty-nine banking institutions in this market area and is the largest community bank in the Central Valley. It operates 22 retail, as well as 6 corporate lending centers and mortgage lending offices in California serving the counties of Fresno, Madera, Mariposa, Merced, Sacramento, San Joaquin, San Francisco, Stanislaus and Tuolumne.

For further information about County Bank, contact Tom Hawker, CEO of County Bank and Capital Corp of the West, at (209) 725-2276.
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