FIG Has Now Completed 16 Equity Capital Raises Since 2015
Totaling More Than $400 Million
ATLANTA, December 1, 2016 — First Colebrook Bancorp, Inc. (OTC:FCNH) has announced a $5 million stock offering and issued 250,000 new shares of common stock at $20 per share.
The proceeds of the offering will be used to redeem the remaining preferred stock that was issued under the Small Business Lending Fund (SBLF) and for general corporate purposes, including providing a source of capital for the company’s subsidiary, Granite Bank.
FIG Partners served as sole placement agent to First Colebrook Bancorp, Inc. The FIG Capital Markets team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking, and Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets. The FIG Investment Banking team included Matthew Veneri, Managing Principal and Co-Head of Investment Banking, and Dan Flaherty, Vice President.
Granite Bank, a New Hampshire-owned community bank, has been serving individuals and small businesses across the state for 127 years. The bank is an SBA Preferred Lender and has received the New Hampshire SBA’s Outstanding Partner Award for consistent and sustained annual growth in SBA loans.
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