Capital Corp of the West (fka CCOWQ)

[Pan]

8-k, jan 27th 2010


Item 8.01. Other Events.
Bankruptcy Court Approval of Plan of Liquidation
Capital Corp of the West, a California corporation (the “Company”), reported today that the Bankruptcy Court entered an Order Confirming the Debtor’s Second Amended Plan of Liquidation dated January 20. 2010. The Company has previously reported its proposed First Amended Plan of Liquidation dated October 22, 2009 (the “Plan”), and a First Amended Disclosure Statement to Debtor’s First Amended Plan of Liquidation dated October 23, 2009 (the “Disclosure Statement”) in an 8-K filing dated December 10, 2009. A copy of this Bankruptcy Court Order together with the Company’s Second Amended Plan of Liquidation dated January 15, 2010 is filed as Exhibit 99.1 hereto and incorporated herein by reference.
The Effective Date of the Second Amended Plan is February 4, 2010. As of this effective date, all of the Company’s shares, warrants and stock options will be cancelled pursuant to Section 4.5 of the Plan and, accordingly, no distribution will be available for common shareholders.
Copies of all Bankruptcy Court filings made by the Company during the bankruptcy case (other than documents filed under seal or otherwise subject to confidentiality protections) will be made available on line at the website established by the Company’s bankruptcy counsel, www.ffwplaw.com . To access documents at the website, click on the “cases” link, enter the email “ [e-mail]” and the password “password” and then click on the “Capital Corp of the West” folder. Documents also are available at the court website through PACER. The Company’s case number is 09-14298. The proceeding is entitled In re Capital Corp of the West. The court website is www.caeb.uscourts.gov . The information set forth on the foregoing websites shall not be deemed to be a part of, or incorporated by reference into, this Form 8-K.
Bankruptcy Court Approval of Employment of Plan Administrator
The Company also reported today that the Bankruptcy Court entered an Order Authorizing the Employment of a Plan Administrator dated January 20, 2010. A copy of this Bankruptcy Court Order is filed as Exhibit 99.2 hereto and incorporated herein by reference.
The appointment of the Plan Administrator will be effective on February 4, 2010. As of this effective date, pursuant to section 6.4 of the Plan, the current Board of Directors will be deemed disbanded and the plan administrator will implement the Plan.