Greensboro -  Premier Commercial Bank (proposed) announced this week that it has formed its organizing board of directors and has begun accepting subscriptions for shares of common stock. 

The stock offering formally ends on October 31, 2007. The minimum individual subscription is 3,000 shares at a price of $11.00 per share. 

The organizing Board and proposed Executive Officers have committed to purchase approximately $2.5 million, or up to 11 percent, of the total offering if the maximum amount of stock (2.1 million shares) is issued. Frank Gavigan and Ed Swing of Alamance County are the proposed President and Chief Executive Officer and Chief Financial Officer. They will conduct presentations for prospective investors in Greensboro, Winston-Salem, High Point, Burlington, and other selected cities in North Carolina, South Carolina, and Virginia.