FIG Has Now Raised More Than
$4 Billion In Equity Capital In 123 Offerings To Date
ATLANTA, January 31, 2018 — McHenry Bancorp, Inc., the holding company for McHenry Saving Bank, has announced the closing of a $23 million private placement of common stock to institutional and accredited investors.
The net proceeds from the offering have restored the Illinois-based bank’s capital levels to the standards required by federal banking regulations, while providing additional capital for future growth, new customer expansion and general corporate purposes.
“We are pleased with the results of the Bank’s strategic decisions made over the past year, and the very positive response to our capital raise,” said Kathleen E. Marinangel, Chief Executive Officer. “The successful offering was a vote of confidence by the investment community demonstrating strong support for our Bank. This new capital will allow the Bank to continue to grow organically, support an expanding customer base and provide additional capital for our future.”
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.