October 13, 2009 (FinancialWire) — Pacific Continental Corp. (NASDAQ: PCBK) (Current Market Cap: $113.80 Mil.) the bank holding company for Pacific Continental Bank, said it has launched a public offering of around $35 million of its common stock. D.A. Davidson & Co. is serving as lead bookrunning manager.

The company plans to grant the underwriters a 30 day option to purchase up to an additional 15% of the common stock sold in the offering to cover over-allotments.

Pacific Continental plans to use the net proceeds for general corporate purposes including organic growth and opportunistic acquisitions.

Eugene, Oregon-based Pacific Continental Bank operates fourteen banking offices in Oregon and Washington.

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