Published on 7/31/2008 in the Prospect News PIPE Daily.
New Issue: Freedom Bank plans $25 million private placement of shares
By Devika Patel
Knoxville, Tenn., July 31 - Freedom Bank said it will take in between $20 million and $25 milllion in a private placement of shares.
The company will sell its common shares at $1.00 per share to Community Bank Investors of America, LP.
Freedom Bank is a community bank in Bradenton, Fla..
| Issuer: | Freedom Bank
|
| Issue: | Common stock
|
| Amount: | $20 million (minimum), $25 million (maximum)
|
| Price: | $1.00
|
| Warrants: | No
|
| Investors: | Community Bank Investors of America, LP
|
| Pricing date: | July 31
|
| Stock symbol: | OTCBB: FBBF
|
| Stock price: | $2.08 at close July 29
|
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