Eric Dangerfield filed a notice in the US Bankruptcy Court regarding offer to purchase certain assets of Beverly Hills Bancorp Inc. on May 5, 2014. Eric Dangerfield offered to buy outstanding shares of BH Commercial Capital I Inc., debtor's subsidiary, for $0.20 million. The first payment of $0.10 million shall be paid within 45 days of execution of an understanding.

The second payment of $0.10 million shall be made within 45 days from the date of initial payment. The buyer will submit a good faith deposit in the amount of $0.03 million.