Two banking companies disclosed plans Thursday to raise capital.
Zions Bancorp said it may sell up to $250 million of stock through, or to, Goldman Sachs Group Inc. as it also announced plans to sell 5-year notes.
Shares are down 25% this year as a filing last month with the Securities and Exchange Commission raised concerns about Zion's liquidity.
The stock and note sale is intended to "further augment" the Utah bank's capital and liquidity, it said Thursday. The company last fall sold $1.4 billion in preferred stock and warrants to the federal government.
FPB Bancorp Inc., the parent company of First Peoples Bank, filed plans with the Securities and Exchange Commission to sell up to $25 million in common and preferred shares.
The common stock of the Florida bank, which has six offices and $262 million in assets, is down 53% the past year but up 31% in 2009.
The stock offering is one of the steps FPB has taken to increase the capital ratios of its bank. In December, the company sold preferred stock to the Treasury Department for $5.8 million.
