Ailing Suburban Bancshares has won a new lease on life by raising $5.6 million in a stock offering to recapitalize the company.
Winfield M. Kelly Jr., a self-made millionaire and Maryland's former secretary of state, led the fund-raising effort.
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.
Have an account? Sign In