17 November 2009 (Public Wire) — Treasure State Bank (OTCBB:TRSU), a Montana chartered community bank, today announced that it is extending its Rights Offering that was set to expire November 17, 2009, at 5:00 p.m., prevailing Mountain Time, until November 24, 2009, at 5:00 p.m., prevailing Mountain Time.
This extension is necessary because the mailing of the Prospectus was delayed and there also was an additional announcement of the appointment of James Salisbury as President & CEO on October 30, 2009. The extension of time will allow shareholders additional time to complete the necessary documents required to exercise their rights.
The Bank may also conduct a limited public offering of its shares for those shares unsubscribed in the rights offering, and also may increase such limited public offering by up to a total of an additional 250,000 shares at $4.00 per share for additional gross offering proceeds of $1,000,000. This limited public offering, if undertaken, will expire on December 17, 2009, 5:00 p.m. Mountain Standard Time, although Treasure State Bank may extend this limited public offering at its discretion.
For more information regarding the rights offering or to request copies of the prospectus, you may contact James A Salisbury, President and CEO, at 406-543-8700.
About Treasure State Bank
Treasure State Bank, a state chartered bank, is headquartered in Missoula, Montana. The Bank was founded in January 2007. Treasure State Bank currently trades on the Over the Counter Bulletin Board (OTCBB) under the ticker symbol “TRSU.” Treasure State Bank serves businesses, professionals, non-profit organizations and individuals through customized banking services and products. For more information, please visit treasurestatebank .