FIG Partners Served As Sole Placement Agent In $5.6 Million Subordinated Debt Offering For Oak Ridge Financial Services, Inc.

By FIG Partners

FIG Partners Has Now Completed 18 Subordinated Debt Capital Raises Since 2015 Totaling More Than $450 Million

ATLANTA, Aug. 11, 2016 — Oak Ridge Financial Services, Inc. (OTC Pink: BKOR) has placed $5.6 million in subordinated notes issued on June 29, 2016.

FIG Served As Sole Placement Agent In $5.6 Million Sub Debt OfferingThe firm used $5.2 million of the proceeds to redeem the Series A Preferred stock on June 30, 2016. The transaction resulted in an estimated $219,000 or $0.09 per common share in annual after-tax savings which will accrue to common shareholders.

FIG Partners served as Sole Placement Agent to Oak Ridge Financial Services, Inc. The FIG Partners team included John Schramm, Principal, Investment Banking, and Nick Bach, First Vice President, Corporate Development. 

More information from Oak Ridge Financial Services, Inc. is available here.

To learn more about FIG Partners, please visit www.figpartners.com.   

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