Northern California Bancorp Inc (OTCBB:NRLB) announced that it will raise $15,000,003 in equity financing on October 26, 2011. The company will accept a minimum investment of $45,000 from each investor. The securities will be issued pursuant to Regulation D. Baxter Fentriss and Company will serve as placement agent to the company pursuant to the transaction and is entitled to receive $750,000 as sales commission.

On October 26, 2012, Northern California Bancorp Inc. cancelled the transaction.