Capital Offerings Profile
Company NameWestern Sierra Bancorp
Issuer NameWestern Sierra Statutory Trust III
Offering TypePrivate Placement - Subsidiary Trust Preferred Stock
DescriptionFloating rate trust preferred securities, due 09/07/33
Currency of IssueUSD
 
Announcement Date9/30/2003
Completion Date9/30/2003
 
144a?No
Mandatory Redemption?Yes
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds of this offering will be used to retire $3 million short term debt, to pay the cash portion of the Auburn community bank purchase, for future acquisitions and general corporate purposes.

Pricing
Offer Price ($)1,000.00
Gross Amount Offered ($000)10,000.00
Amount Including Overallotment ($000)10,000.00
Shares Offered10,000
Total Shares Offered10,000

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