FIG Partners Served As Placement Agent In $10 Million Stock Offering For Metro Phoenix Bank

FIG Has Now Completed 24 Equity Capital Raises
Totaling More Than $650 Million Since 2015

ATLANTA, May 23, 2017 — Metro Phoenix Bank has announced the completion of a $10 million private placement of common stock.

placement agentThe bank issued 1,333,334 shares of stock at $7.50 per share. The proceeds from the offering will enable the bank to increase banking activities in the metropolitan Phoenix area. 

FIG Partners served as placement agent to Metro Phoenix Bank. The FIG 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.  

“This additional capital provides Metro Phoenix Bank the opportunity to build on a successful franchise that has consistently serviced the local business community for the past decade,” said President and CEO Stephen P. Haggard. “We remain highly motivated to exceed the service expectations of our small- to medium-sized business and real estate professional clients, and we fully expect to continue to be the go-to independent community bank in Phoenix for new clients.”

More information is available here.

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