FIG Partners Served As Sole Placement Agent To Gold Coast Bank In $9.5 Million Stock Offering

FIG Has Now Completed 13 Equity Capital Raises Totaling More Than $275 Million Since 2015

ATLANTA — June 29, 2016 — Gold Coast Bank has announced the successful completion of a $9.5 million offering of common stock. FIG Partners acted as the sole placement agent in this transaction. 

Stock OfferingThe new capital will enable Gold Coast Bank to continue expanding its lending activities and market reach throughout the New York metropolitan region.  

The lead bankers for FIG Partners were Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; Matthew Veneri, Managing Principal and Co-Head of Investment Banking; and Dan Flaherty, Vice President, Investment Banking.  

John C. Tsunis, Chairman and CEO, said: “We have been encouraged by our founding investors who continue to support our community bank, and we thank them, as well as our new investors, who have come aboard in response to our Bank’s growth, profitability and stellar asset quality. We will use the proceeds of this offering to support the lending demand in our markets, to increase our lending capacity to our excellent customer base and new target markets, and to expand our branch footprint.” 

More information from Gold Coast Bank is available here.

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