March 30, 2010 (FinancialWire) — Bank of Commerce Holdings (NASDAQ: BOCH) said it has closed A public offering of 7.2 MILLION shares of its common stock at $4.25 per share. The company received net proceeds from the offering of around $28.8 million.

Bank of Commerce plans to use the net proceeds from the offering for general corporate purposes including organic growth and opportunistic acquisitions.

California-based Bank of Commerce Holdings is a financial service holding company that owns Redding Bank of Commerce, Roseville Bank of Commerce, and Bank of Commerce Mortgage.

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