WASHINGTON - First Fidelity Bancorp. of Lawrenceville, N.J., filed a shelf registration for up to $150 million of floating rate senior notes, due 1996.
In its filing with the Securities and Exchange Commission, the company said proceeds will be used for general corporate purposes, including a common stock repurchase program and the financing of acquisitions.
Goldman Sachs & Co. and Smith Barney Shearson Inc. will underwrite.
Separately, First Fidelity on Friday set the exchange price for its acquisition of Peoples Westchester Savings Bank at 0.9390 share of First Fidelity common stock or $40.86 in cash.
About 54% of Peoples' outstanding shares will be converted into cash and 46% into First Fidelity stock.