Klamath Falls, Oregon – July 29, 2011 – South Valley Bancorp, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. The shares of common stock to be sold in the offering are expected to be offered by South Valley Bancorp, Inc. and some of its shareholders.
D.A. Davidson & Co. will act as the sole book-running manager for the offering. The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering can be obtained from D.A. Davidson & Co., Prospectus Department, 8 Third Street North, Great Falls, MT 59401 or by calling toll-free (800) 332-5915.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
South Valley Bancorp, Inc. is a bank holding company headquartered in Klamath Falls, Oregon. Its wholly owned subsidiary, South Valley Bank & Trust, established in 1977, operates 24 full-service community banking offices in southern and central Oregon.
