BANKING/FINANCE

Stock Offering: California Commercial Bankshares, the Santa Ana holding company for National Bank of Southern California, plans to raise up to $4 million with a public stock offering that gives shareholders the first crack, according to a Securities and Exchange Commission filing made public Tuesday.

The company wants to use the proceeds to spur the bank’s growth and for possible acquisitions, said William Jacoby, chief executive. No talks are pending on any merger, he said.

Once approved by the SEC, shareholders would be able to buy one additional share of common stock for every six shares owned. The price, to be determined at the time of the offering, is expected to be about $13.50 a share, according to the SEC filing.

The company’s eight directors would buy up to 124,000 shares of the 309,000 shares available, representing their proportionate stake in the company, Jacoby said. In addition, Mesirow Capital Partners V, an investment fund managed by Mesirow & Co. brokers in Chicago, would buy up to 77,000 shares of stock not purchased by shareholders. Mesirow is not a current shareholder.

Any stock left over would be available to the public, Jacoby said. He expects SEC approval in late August or early September.

The company has about 1.85 million shares outstanding.