CHANTILLY, Va. - (02/11/05) -- Online Resources Corp. said Thursdayit plans to raise as much as $45 million with an offering of asmany as five million common shares. In addition the company plansto register as many as one million of its shares worth about $10million that Online Resources used to buy Incurrent Solutions lastyear. The purchase price for Incurrent was $8 million in cash andone million common shares, then valued at $7.3 million. The companysaid it plans to use the proceeds from the sale of its shares tofinance additional corporate acquisitions or other generalcorporate purposes. Underwriters for the offering ar Friedman,Billings, Ramsey & Co., of Virginia. Shares of Online Resourcestraded closed Thursday at $9.83 on the NASDAQ.
-
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
24m ago -
In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
42m ago -
To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
2h ago -
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
April 25 -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
April 25 -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
April 25