By Sheri Kasprzak
New York, Dec. 21 - Heritage Bankshares, Inc. will settle next week a $5.425 million private placement of stock.
The company secured agreements from a group of accredited investors to purchase 350,000 shares at $15.50 each.
The non-brokered deal is expected to close Dec. 27.
Based in Norfolk, Va., Heritage operates a chain of banks in Norfolk and Virginia Beach.
| Issuer: | Heritage Bankshares, Inc.
|
| Issue: | Stock
|
| Amount: | $5.425 million
|
| Shares: | 350,000
|
| Price: | $15.50
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Announcement date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Stock symbol: | Pink Sheets: HBKS
|
| Stock price: | $15.80 at close Dec. 21
|
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