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Placer Sierra begins process for IPO

Placer Sierra Bancshares announced Thursday it filed a registration statement with the Securities and Exchange Commission for an initial public offering of 3,700,000 shares of its common stock. Of those, 500,000 are being offered by the company, and the remaining 3,200,000 are offered by selling shareholder California Community Financial Institutions Fund Limited Partnership.

Placer Sierra said it anticipates using the net proceeds from the offering for general corporate purposes.

When available, copies of the preliminary prospectus can be obtained from Friedman Billings Ramsey, 1001 19th St., North Arlington, VA 22209.

For more information about Placer Sierra, visit on the Web.

Grape phylloxera

subject of meeting

The Sierra Grape Growers Association is holding a phylloxera workshop at 1 p.m., Saturday, Feb. 21, at the Senior Center on the Nevada County Fairgrounds.

Grape phylloxera is an insect that attacks wine grape roots and causes vine death. No insecticide is known to effectively and predictably control phylloxera. All county residents with grapevines, wine grape or other types, are urged to attend.

Jeff Grannett, a UC Davis expert on phylloxera, will provide a detailed description and background and the status of current research. Glen McGorty, UC Cooperative Extension adviser for North Coast counties, will speak on best management practices. Paul Boch, the Nevada County agriculture commissioner, will cover regulations to combat the spread of phylloxera.

South Yuba River

meeting Tuesday

The 14th public meeting to write a comprehensive plan for public lands on the South Yuba River from Spaulding Reservoir to Lake Englebright will be from 6:30 to 9:30 p.m. Tuesday, at the L.O.V.E. Building, 660 Minnie St., Condon Park in Grass Valley.

The goal of the meeting is to discuss fire suppression/prevention, develop solutions for private property issues, and begin issue development for public safety, vegetation, soils, water quality, hydrology, wild-and-scenic designation, fish, wildlife, plants and ecology. All are invited. For more information, call the South Yuba River hot line at 272-6356 or e-mail

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