PCB Bancorp eligible for up to $69.1M ECIP capital from Treasury; decision pending

PCB BANCORP

U.S. Treasury informed PCB Bancorp on Dec 14, 2021 of eligibility for up to $69,141,000 in non-dilutive Tier 1 senior perpetual preferred capital under ECIP.
Company has not yet decided whether to accept the offer; acceptance would require meeting conditions and restrictions.
ECIP is designed to support low- and moderate-income community financial institutions and minority depository institutions like Pacific City Bank.

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