By Sheri Kasprzak
New York, Feb. 1 - First Ipswich Bancorp wrapped a private placement for $1 million.
The company sold 125,000 shares at $8.00 per share to Robert R. Borden III; Russell G. Gole; Franz Collordeo-Mansfield; Timothy R. Collins; Craig H. Deery; UBS Financial Services FBO Craig Deery IRA; Edward D. Dick Trustee, E.D. Dick Co. Inc. Retirement Trust; John P. DiIorio Jr. and Denise A. DiIorio; Wells Fargo Bank Rollover C/F FBO Timothy L. Felter;
Stephanie R. Gaskins; Fay Hannon; JPMorgan Chase Bank ACF Carol A. Gray Lloyd IRA; William F. Macauley; H.A. Patrican Jr.; Diane E. Patrican and Brian J. Patrican ; Neil St. John Raymond; Neil St. John Raymond Jr.; Charles V. Reed; and Raymond James & Associates Inc. Custodian FBO William J. Tinti SEP IRA.
The investors received warrants for 25,000 shares, exercisable at $8.00 each through Jan. 26, 2010.
Located in Ipswich, Mass., First Ipswich is a holding company for The First National Bank of Ipswich, a commercial banking company with operations in northeastern Massachusetts.
| Issuer: | First Ipswich Bancorp
|
| Issue: | Stock
|
| Amount: | $1 million
|
| Shares: | 125,000
|
| Price: | $8.00
|
| Warrants: | For 25,000 shares
|
| Warrant expiration: | Jan. 26, 2010
|
| Warrant strike price: | $8.00
|
| Investors: | Robert R. Borden III; Russell G. Gole; Franz Collordeo-Mansfield; Timothy R. Collins; Craig H. Deery; UBS Financial Services FBO Craig Deery IRA; Edward D. Dick Trustee, E.D. Dick Co. Inc. Retirement Trust; John P. DiIorio Jr. and Denise A. DiIorio; Wells Fargo Bank Rollover C/F FBO Timothy L. Felter; Stephanie R. Gaskins; Fay Hannon; JPMorgan Chase Bank ACF Carol A. Gray Lloyd IRA; William F. Macauley; H.A. Patrican Jr.; Diane E. Patrican and Brian J. Patrican ; Neil St. John Raymond; Neil St. John Raymond Jr.; Charles V. Reed; and Raymond James & Associates Inc. Custodian FBO William J. Tinti SEP IRA
|
| Stock symbol: | OTCBB: FIWC
|
| Stock price: | $9.75 at close Jan. 26
|
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