-----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, MIb6LD9O9L5QVLnBd2gmFH3OcpEo5DqaG1nr8y4J+pZLnF8JOfRbxjXca+nsRLaV nE+mHetoyaPEN36cyFizow== 0001019056-11-000005.txt : 20110103 0001019056-11-000005.hdr.sgml : 20101231 20110103161628 ACCESSION NUMBER: 0001019056-11-000005 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110103 DATE AS OF CHANGE: 20110103 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CIRCLE BANCORP CENTRAL INDEX KEY: 0001475848 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 680242281 STATE OF INCORPORATION: CA FISCAL YEAR END: 1209 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-169751 FILM NUMBER: 11502034 BUSINESS ADDRESS: STREET 1: 1400 GRANT AVENUE CITY: NOVATO STATE: CA ZIP: 94945 BUSINESS PHONE: 415-898-5400 MAIL ADDRESS: STREET 1: 1400 GRANT AVENUE CITY: NOVATO STATE: CA ZIP: 94945 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CIRCLE BANCORP CENTRAL INDEX KEY: 0001475848 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 680242281 STATE OF INCORPORATION: CA FISCAL YEAR END: 1209 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1400 GRANT AVENUE CITY: NOVATO STATE: CA ZIP: 94945 BUSINESS PHONE: 415-898-5400 MAIL ADDRESS: STREET 1: 1400 GRANT AVENUE CITY: NOVATO STATE: CA ZIP: 94945 FWP 1 circle_fwp.htm FREE WRITING PROSPECTUS

Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333 -169751
Dated January 3, 2011

 
Circle Bancorp offering could be lucrative for CEO

By Richard Halstead
Marin Independent Journal

Posted: 01/02/2011 06:30:00 PM PST 

CEO Kit Cole will be entitled to receive bonus compensation of 1 percent of the capital raised in the public offering "up to $500,000," according to the prospectus for Circle Bancorp's initial public offering.

Cole said the $500,000 figure is an error, and her bonus won't exceed $300,000.

As the bank proceeds with its acquisition strategy, Cole also will be entitled to bonus compensation of up to $175,000 for every $100 million in assets, deposits, branches, and financial institutions acquired in board-approved acquisitions, including FDIC-assisted transactions, up to a maximum of $875,000.

Regarding the bonus for the public offering, Cole said, "The reason I receive that is I don't get a bonus every year. I got a very small bonus this year."

In addition to her base salary of $175,000 a year, Cole received a bonus of $44,500 in 2010 to reward her participation in Circle Bancorp's first issuance of preferred stock, which raised $3.5 million. Cole would have received an additional $80,500 in bonuses if Circle Bancorp had reached its goal of raising $10 million with the preferred stock offering. If a corporation fails, the claims of preferred stock holders precede those of common stock holders.

-- Richard Halstead

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (415) 898-5400.

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