Analyst Research

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Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00

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F & M Bank Corp announces capital raise


Friday, 21 Mar 2014 10:49am EDT 

F & M Bank Corp:Completion of private placement of its common stock.Company sold through private placement 774,231 shares of common stock at a price of $16.50 per share.Net proceeds of private placement, after placement agent discounts and commissions and estimated expenses, are about $12.0 mln.Company engaged investment banking firms FIG Partners, L.L.C. and Compass Point Research & Trading, LLC to act as placement agents to assist with the private placemen.Intends to use net proceeds of this offering for general corporate purposes, including organic growth, new market expansion and possible future acquisitions.Company also announced proposed public offering of up to $10 mln of mandatorily convertible preferred stock. 

Company Quote

19.73
0.48 +2.49%
23 Oct 2014