FIG Partners Served As Sole Placement Agent In $10.5 Million Stock Offering For Gateway Bank, F.S.B.

FIG Has Raised More Than $4.1 Billion In Equity Capital In
128 Offerings To Date

ATLANTA, May 4, 2018 — Gateway Bank, F.S.B. has announced the closing of a private placement of common stock to institutional and accredited investors.

FIG Completes $10.5 Million Stock Offering For Gateway BankJames Keefe, Chairman of the Board of Gateway Bank, said, “The new capital will allow Gateway Bank to better serve its community in Oakland and throughout the Bay Area.”

Glen Terry, President and Chief Executive Officer of Gateway Bank, said, “We are very pleased to announce the successful completion of our common stock offering. We believe our Bank is well-positioned to take advantage of opportunities in our market, and the new capital will allow us to execute our strategy and grow the balance sheet. The success of the placement is a vote of confidence in our strategy, and we look forward to creating additional value for all of our shareholders.”

The FIG team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; Patrick Nicolini, Senior Vice President; Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets; and Jason Werner, Vice President.

Gateway Bank, F.S.B., based in Oakland, California, will use the proceeds to strengthen its capital position to meet regulatory requirements and for general corporate purposes.

More information is available here.

Since 2003, FIG has been the trusted advisor to community banks and investors. To learn more about FIG’s investment banking services, visit www.figpartners.com.

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