FIG Partners Managed $8.5 Million Stock Offering For Highlands Bancorp

FIG Has Now Completed 18 Equity Capital Raises Since 2015 Totaling More Than $485 Million

ATLANTA, Dec. 23, 2016 — Highlands Bancorp, Inc. (OTCPink:HSBK), the parent company of Highlands State Bank, has announced a private placement offering of $8.5 million in common stock. 

FIG Sole Placement AgentThe New Jersey-based company issued 913,978 shares of common stock at a price of $9.30 per share to mostly institutional investors. The Company plans to use the additional capital for general corporate purposes.

FIG Partners served as sole placement agent to Highlands Bancorp, Inc. The FIG team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; Matthew Veneri, Managing Principal and Co-Head of Investment Banking; Dan Flaherty, Vice President; and Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets. 

Steven C. Ackman, President and Chief Executive Officer of Highlands Bancorp, Inc., said, “We are very pleased to announce the successful completion of our common stock offering. 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 Highlands Bancorp, Inc. is available here.

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