Group Boosts Interest in West Coast Bancorp
Dow Jones
A group including Western Acquisitions LLC disclosed Wednesday that it has increased its stake in West Coast Bancorp, the Tustin holding company for Sunwest Bank, to 24%.
In a filing Wednesday with the Securities and Exchange Commission, the group said it purchased 606,341 shares of West Coast’s common stock on Dec. 29 for $785,211, giving it control of 2.4 million shares.
On Oct. 30, the group reported a 19.1% stake in the holding company.
West Coast’s stock gained 6 cents in over-the-counter trading to close at $1.47 a share.
