FIG Has Now Completed 20 Equity Capital Raises Since 2015
Totaling More Than $500 Million
ATLANTA, March 27, 2017 — US Metro Bank (OTCPink:USMT) has announced a private placement offering of $21 million in common stock.
The Southern California-based company issued stock to institutional investors and existing shareholders.
FIG Partners served as lead placement agent to US Metro Bank. The FIG team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets; and Jason Werner, Vice President. PGP Capital Advisors, LLC was the co-placement agent.
“We are pleased that the offering was significantly oversubscribed,” said President and Chief Executive Officer Dong Il Kim. “Investors clearly understand that Southern California is a great place to do business and that US Metro Bank is well positioned in the marketplace. This new capital will be used to support organic growth opportunities in the markets we serve and further enhance the value of our franchise. Furthermore, the addition of premier, institutional bank investors to our shareholder base will help to promote increased liquidity and financial sponsorship.”
More information from US Metro Bank is available here.
To learn more about FIG Partners, visit www.figpartners.com.