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First Bank (NASDAQ: FRBA) Closes $40.0M Public Offering of Common Stock

Published June 9, 2017

First Bank (NASDAQ: FRBA) completed its public offering of 3,508,772 common shares for gross proceeds of approximately $40.0 million.

 

  • First Bank is a $1.1 billion asset-size bank headquartered in Hamilton, New Jersey
  • First Bank announced the acquisition of Bucks County Bank, which has approximately $198 million in assets, on March 29, 2017
  • First Bank intends to use the net proceeds from the offering for general corporate purposes, including the support of additional growth

Hovde Group, LLC acted as Co-Manager in the Offering.

Click the link above to download the full Transaction Alert.