First Financial Northwest in Renton, Wash., said Wednesday that it has repurchased about 10% of its stock under a tender offer.
The $935 million-asset company said in a press release that as a result of the tender offer it bought back roughly 1.3 million shares of common stock at a maximum price of $14 each on Tuesday.
The buyback is tied to an offer the company made in July to repurchase up to $40 million of stock at a range of $13 to $14 a share.
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The $4.3 billion-asset holding company said in a press release Monday that the fixed- to floating-rate subordinated notes are due in 2026.
August 8 -
Eagle Bancorp in Bethesda, Md., has issued $150 million in subordinated debt after increasing the amount it originally planned to sell.
July 22 -
Community banks are stepping up efforts to raise cheap capital to fuel loan growth, make acquisitions and redeem pricier sources of funds.
July 6
