January 19, 2010 (FinancialWire) — Treasure State Bank (OTCBB: TRSU), a Montana chartered community bank said that it is extending its Ltd. Public offering that was set to expire on January 17, 2010.

During the Rights offering, which expired November 24, 2009, shareholders of the Bank subscribed for 274,871 additional shares of common stock, resulting in $1,099,484 of new capital for the bank.

In addition, during the first phase of the Public offering, which was set to expire January 15, 2010, new shares totaling 151,674 were issued, resulting in $606,696 of new capital for the Bank. Total shares outstanding for the bank as of January 15, 2010 are 1,526,545.

After taking into account the 151,674 shares subscribed for in the recent Public offering, and effecting the Bank’s original decision to authorize the offering of an additional 250,000 shares under the combined offering, the Ltd. Public offering allows for the issuance of approximately an additional 448,500 shares of common stock, available only to persons selected by the Bank, at its sole discretion, as indicated in the “Prospectus Rights offering” dated October 12, 2009.

Montana-based Treasure State Bank was founded in January 2007 and serves businesses, professionals, non-profit organizations and individuals.

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