Capital Corp of the West Announces Pricing for Offering of Stock

Business Wire, August 22, 1997

MERCED, Calif.--(BUSINESS WIRE)--Aug. 22, 1997--Capital Corp of the West (NASDAQ:CCOW) announced that its offering of 1,500,000 shares of common stock was priced at $11.50 per share.

The offering was underwritten by Sutro & Co. Incorporated. Proceeds of the offering, after underwriters' discounts and expenses, are estimated at $15.6 million and will be used to finance the acquisition of three branches of Bank of America in Livingston, Dos Palos and Mariposa in California's Central Valley and for general corporate purposes.

Capital Corp of the West is the parent of County Bank and Town and Country Finance and Thrift Company. At June 30, 1997, the Company had consolidated assets of $293 million, net loans of $193 million and deposits of $258 million.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on August 21, 1997. A copy of the prospectus may be obtained from Sutro & Co. Incorporated, 201 California Street, San Francisco, CA 94111.

For more information contact Janey Boyce, Chief Financial Officer, or Thomas T. Hawker, Chief Executive Officer, Capital Corp of the West, 1160 West Olive Avenue, Merced, California, 93348, telephone 209/725-2269.

CONTACT: Capital Corp of the West

Janey Boyce or Thomas T. Hawker, 209/725-2269