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Feb. 13: The holding company for Placer Sierra Bank has filed with securities regulators for an initial public offering of stock that could raise up to $76.6 million.
Auburn-based Placer Sierra would become part of a publicly traded bank holding company known as Placer Sierra Bancshares, based in downtown Sacramento. The bank, with assets of nearly $951 million as of Dec. 31, would sell 500,000 shares and a shareholder group would sell 3.2 million shares, according to registration documents.
The Business Journal first reported in September that Placer Sierra planned to go public early in 2004. Randy Reynoso was promoted to president of Placer Sierra...