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Southern First Bancshares (SFST) in Greenville, S.C., used a private placement to convert preferred stock tied to the Troubled Asset Relief Program into common stock.
January 28 -
Noninterest expenses remain persistently high at community banks as a need to pursue revenue undermines efforts to aggressively make cuts.
August 5 -
Anchor Bancorp Wisconsin in Madison is planning to raise up to $8.3 million from an upcoming initial public offering.
October 10
Southern First Bancshares in Greenville, S.C., is planning to sell 1.2 million shares of its common stock.
The $1 billion-asset company did not disclose a price in its
The company intends to use this money to repurchase the rest of the stock it holds from the Troubled Asset Relief Program. Any remaining funds could be used for general corporate purposes that could include supporting organic growth or reducing outstanding debt.
Sandler O'Neill will serve as the sole underwriter.
