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.
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.
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