Banks

Page 1

Banc of California announces pricing of senior debt and preferred stock offerings

Tuesday, 31 Mar 2015 05:41pm EDT

Banc of California:Prices its offering of $175 mln aggregate principal amount of 5.25 pct Senior Notes due 2025.Prices its offering of an aggregate of 4 mln depositary shares, each representing a 1/40th interest in a share of its 7.375 pct Non-Cumulative Perpetual Preferred Stock, Series D, par value $0.01 per share and liquidation preference of $1,000 per share.Says offering price is of $25 per depositary share, for gross proceeds of $100 mln.Expects to use the net proceeds from the offerings for general corporate purposes.Intends to apply to list the depositary shares on the New York Stock Exchange under the symbol BANCPRD.Sandler O'Neill + Partners, L.P., BofA Merrill Lynch, Keefe, Bruyette & Woods, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers for the notes offering.BofA Merrill Lynch and UBS Investment Bank are acting as lead book-running managers for the depositary shares offering.Wachtell, Lipton, Rosen & Katz is serving as outside legal counsel to the Company.

Carolina Bank Holdings announces $15.1 million private placement

Tuesday, 31 Mar 2015 05:19pm EDT

Carolina Bank Holdings:Enters into securities purchase agreements with select institutional investors pursuant to which it has raised $15.1 mln of convertible preferred equity.Says $15.1 mln capital raise was executed through a private placement of 15,500 shares of the company's Series B Non-Voting Convertible Preferred Stock at a price of $975 per share.Each share of the Series B Preferred Stock will automatically convert into 100 shares of the company's common stock after the company has received shareholder approval for the conversion at its annual meeting of shareholders, which is expected to be held on or about May 19.Proceeds of the capital raise, net of placement agent fees and expenses, will be about $14.1 mln and are expected to be used, to redeem the company's outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series A, and for general corporate purposes.FIG Partners, LLC acted as placement agent for the transaction.Wyrick Robbins Yates & Ponton LLP served as legal counsel to the company and Nelson Mullins Riley & Scarborough LLP served as legal counsel to FIG Partners.

Banc of California announces concurrent offerings of senior debt and preferred stock

Monday, 30 Mar 2015 07:20am EDT

Banc of California Inc:Commences a public offering of senior notes due 2025.Concurrent with the notes offering, commences a public offering of depositary shares, each representing a 1/40th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series D, par value $0.01 per share and liquidation preference of $1,000 per share.Expects to use the net proceeds from the offerings for general corporate purposes.Neither offering is contingent on the completion of the other offering.BofA Merrill Lynch and UBS Investment Bank are acting as lead book-running managers and Sandler O'Neill + Partners, L.P., BofA Merrill Lynch, Keefe, Bruyette & Woods, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers for the notes offering.Wachtell, Lipton, Rosen & Katz is serving as outside legal counsel to the Company.

Foundation Bancorp Inc Completes $15 million private placement of convertible preferred equity

Friday, 27 Mar 2015 02:19pm EDT

Foundation Bancorp Inc:Completes sale of $15 million of convertible preferred stock in a private placement.Says shares of preferred stock are convertible into shares of company's common stock at a price of $10.00 per share.Expects to use proceeds from capital raise for general corporate purposes, including growth, expansion and supporting the capital needs of Bank.Castle Creek Capital was the sole investor in the offering.Keefe Bruyette & Woods served as the sole placement agent.

Itau Unibanco Holding SA proposes capital increase through issue of bonus shares

Friday, 27 Mar 2015 12:00pm EDT

Itau Unibanco Holding SA:Says it will propose to the general meeting on April 29 to increase its capital to 85,148,000,000 Brazilian reais from 75,000,000,000 reais (by 10,148,000,000 reais).Capital increase through capitalization of reserves and issue of 553,083,268 shares.Shares to be issued will be granted as bonus to the shareholders in proportion of 1 share of the same type for every 10 shares held, including shares held as treasury stock.

Bank of Communications to issue domestic preferred shares through private placement

Thursday, 26 Mar 2015 08:00pm EDT

Bank of Communications Co Ltd:To issue domestic preferred shares of up to 450 mln shares through private placement , and issue price and par value of 100 yuan per share.To raise up to 45 bln yuan.Proceeds to be used as supplement of other tier 1 capital.

Banco Comercial Portugues SA announces pricing of its accelerated placement of shares of BANK MILLENNIUM SA

Thursday, 26 Mar 2015 08:19am EDT

Banco Comercial Portugues SA:Says the pricing of an accelerated placement to institutional investors of 186,979,631 ordinary shares of BANK MILLENNIUM SA at a price of 6.65 zlotys per ordinary share.Gross proceeds raised by the company from the placement are expected to be approximately 1.24 billion zlotys (304 million euros).After the completion of the placement, the company continues to hold a majority shareholding in BANK MILLENNIUM SA, corresponding to 50.1 percent of the share capital.

Banco Bradesco SA updates on capital increase and bonus shares payment, informs on own capital interest payment for April

Thursday, 26 Mar 2015 07:57am EDT

Banco Bradesco SA:Says that the Central Bank of Brazil approved the previously announced capital stock increase process in the amount of 5 billion Brazilian reais with a 20 percent bonus stock (2 new shares for each 10 shares of the same type held).The shareholders registered on March 26, will be benefited; as of March 27, the shares will be traded ex-bonus.Monthly interest on shareholders' equity will be adjusted to the gross amount of 0.017249826 reais per common share and 0.018974809 reais per preferred share.Monthly interest for April will be paid in the net amount of 0.014662352 reais per common share and 0.016128588 reais per preferred share.Own capital interest for April will be paid on May 4, with record date on April 1.Ex-interest from April 2.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary

Analyst Research

Report Title Price
Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: Swiss Capital
$92.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.