1st Centennial Bancorp sends out consent statements to shareholders

   Consent statements were sent to shareholders of 1st Centennial Bancorp on Wednesday, the Redlands-based parent company of 1st Centennial Bank.

   1st Centennial is setting the stage to raise capital in the future if it needs to. It is asking shareholders to vote on the proposal between now and 5 p.m. on Nov. 5.

   A "yes" vote would give 1st Centennial the power to issue up to 10 times the amount of stock shares the company currently is authorized to issue. The move would let the company decide if it wants to put up to 90 million more common stock shares on the market for investors, along with another 1 million shares of preferred stock.