Abigail Adams National Bancorp will seek to raise $6 million in a public offering, the bank announced last week. The bank intends to file for the offering with the Securities and Exchange Commission at the beginning of April.

The proceeds will be used for expansion, possible acquisitions, and working capital, it said. Abigail Adams is owned and run primarily by women.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.