June 6, 2019 — Home Bancorp Wisconsin, Inc., the holding company for Home Savings Bank, has completed a $4.08 million private placement of common stock.
The company issued 417,949 shares of its common stock at $9.75 per share, resulting in gross proceeds of approximately $4,075,000 before deducting expenses. The proceeds will be used for general corporate purposes, including strengthening the Bank’s capital position, funding loan growth and maintaining regulatory requirements.
Chairman and Chief Executive Officer, James R. Bradley, said “We are pleased to announce this financing from a group of investors who are familiar with our company. We appreciate their continued support, as well as that of our local community.”
The team at Janney’s Financial Institutions Group (FIG) included Greg Gersack, Managing Director and Head of MidWest and West Coast Depositories; Robert Kotecki, Managing Director; Lozan Aleksandrov, Managing Director; and Jason Werner, Director.
More information is available here.