Blue Valley Ban Corp (BVBC) in Overland Park, Kan., plans to sell up to $10 million of stock in a subscription rights offering.
The $632 million-asset company will offer up to 2 million shares of common stock at $5 each,
The offering will expire on Jan. 15.
Blue Valley plans to use $4.1 million of proceeds to pay dividends on subordinated debt. Any remaining proceeds will be used for general corporate purposes.