Media Coverage
Source: American Banker, The Daily Journal
Media Coverage
03.06.15
A team of Pillsbury lawyers provided counsel in Oregon-based Pacific Continental's acquisition of Capital Pacific Bancorp, also based in Oregon, for $42.4 million, or $15.75 per share. The completion of the acquisition was announced March 6. Pacific Continental is the holding company of Pacific Continental Bank, and Capital Pacific Bancorp is the holding company for Capital Pacific Bank.
The Daily Journal reports that the deal has been approved by the boards of all involved companies and that Capital Bank shareholders will either receive the per-share value in cash, common stock in exchange for their Capital Pacific stock or a combination of the two.
Corporate & Securities partners Patricia Young and Rodney Peck led the Pillsbury team, with assistance from Executive Compensation & Benefits partner Cindy Schlaefer and Finance associate Brian Scaccia.