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Community Financial in Waldorf, Md., filed a shelf registration that will allow it to raise up to $75 million over the next three years.
October 20 -
The $5.9 billion-asset company said in a press release Friday that it has offered the subordinated notes in a private placement to unnamed institutional investors.
December 12 -
Presidio Bank in San Francisco has raised $9.5 million through a private placement.
October 22
Two community banks on Tuesday disclosed plans to raise capital by selling subordinated debt.
The $1 billion-asset company plans to use the proceeds to redeem $20 million in preferred stock issued to the Treasury Department through the Small Business Lending Fund program. The funds may also be used to support organic growth or future acquisitions.
The
Additionally,
The $1.9 billion-asset company intends to use the funds to pay off $10.5 million in trust-preferred securities, Chief Executive Jack Clancy said in a press release.
