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EverBank had to lower its expectations to raise capital, solidifying a belief that banks will find it difficult going to public markets anytime soon.
May 3
National Bank Holdings in Greenwood, Colo., plans to raise up to $180.9 million after completing an initial public offering.
Shareholders, who will sell about 7.2 million shares at $20 to $22 each, have granted underwriters an option to buy an additional 1.1 million shares. National Bank will not receive any proceeds from the offering, the company said in a regulatory filing on Monday.
The $5.8 billion-asset company was formed in 2009 to buy distressed banks. It recently moved its headquarters to the Denver area from Boston after
Capital Bank Financial, another bank roll-up company,