NASDAQ, BSRR - Sierra Bancorp
Sierra Bancorp (the ?Company?), headquartered in Porterville, California, is a
California corporation registered as a bank holding company under the Bank
Holding Company Act of 1956, as amended. The Company was incorporated in
November 2000 and acquired all of the outstanding shares of Bank of the Sierra
(the ?Bank?) in August 2001. The Company?s principal subsidiary is the Bank, and
the Company exists primarily for the purpose of holding the stock of the Bank
and of such other subsidiaries it may acquire or establish. At the present time,
the Company?s only other direct subsidiaries are Sierra Statutory Trust II and
Sierra Capital Trust III, which were formed in March 2004 and June 2006,
respectively, solely to facilitate the issuance of capital trust pass-through
securities (?TRUPS?). This additional regulatory capital has enabled the Company
to add branches and grow assets while maintaining its classification as a
?well-capitalized? institution. ...
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