By Sheri Kasprzak
New York, Aug. 15 - First Republic Bank said it plans to raise $25 million from a private placement of stock.
The offering includes 660,000 shares at $37.88 each.
HSBC Securities Inc. is the underwriter for the offering.
The proceeds will be used for general corporate purposes and to support balance sheet growth.
Based in San Francisco, First Republic is a private bank and wealth management firm.
| Issuer: | First Republic Bank
|
| Issue: | Stock
|
| Amount: | $25 million
|
| Shares: | 660,000
|
| Price: | $37.88
|
| Warrants: | No
|
| Underwriter: | HSBC Securities Inc.
|
| Pricing date: | Aug. 15
|
| Stock price: | $37.98 at close Aug. 15
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
