First Bank in Hamilton, N.J., has raised $13.7 million by selling common stock.
The $917 million-asset bank said in a press release Thursday that it sold about 1.9 million shares at $7.25 each.
Net proceeds will be used for general corporate purposes, including organic growth.
The offering comes just days after First Choice Bank, which like First Bank is based in Mercer County, agreed to sell itself to Berkshire Hills Bancorp in Pittsfield, Mass. First Bank, meanwhile, seemed to allude to that deal in announcing its stock sale.
"With the recent consolidation and resulting dislocation in the Mercer County banking market, we expect significant growth opportunities to emerge for us," Patrick Ryan, First Bank's chief executive, said in the release.