SAN DIEGO, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX:EDVR) (the "Company" or "Bancorp"), the holding company for Endeavor Bank (the "Bank"), today announced that it has completed a private placement of $10.0 million of the Company's common shares to certain accredited investors. The Company issued 666,665 shares of common stock at a purchase price of $15.00 per share in connection with the private placement transaction. The Company expects to use the proceeds from the capital raise to support organic and strategic growth opportunities.

The offering was initially targeted at $8 million, but high demand and an oversubscription enabled the Company to increase the offering to $10 million. The transaction was conducted internally with accredited investors without the use of an external investment banker or broker to raise the capital.

Management and board members participated in the offering with a $799,000 investment and contributed an additional $419,000 capital through stock option exercises.

"The success of this capital raise is a reflection of the strength of our bank and the dedication of our Board of Directors, management and team members as we expand our community bank throughout Southern California, providing our style of consultative banking to businesses who need us," said Dan Yates, CEO.

"This additional capital will support our strategy and growth plans as we continue to focus on supporting the business customers we serve and on building long-term value for our shareholders," said Steve Sefton, President. "Our financial modeling shows we can leverage this new capital multiple times over as we scale our team, with the intent of driving significantly stronger returns over the next several years."

Breakwater Law Group provided legal counsel to Endeavor Bancorp.

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