Company will use proceeds to take advantage of market opportunities
By Devika Patel
Knoxville, Tenn., Oct. 25 - Fortune Bank said it priced a public offering of stock for $5 million. Its shares are expected to trade on the Nasdaq, under the symbol "FBBC."
The company will sell common shares at $5.75 apiece.
Proceeds will be used to take advantage of market opportunities.
The private, full-service commercial bank is based in Seattle.
| Issuer: | Fortune Bank
|
| Issue: | Common stock
|
| Amount: | $5 million
|
| Price: | $5.75
|
| Warrants: | No
|
| Pricing date: | Oct. 25
|
| Stock symbol: | Nasdaq: FBBC
|
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