-
A month after calling off a planned public offering, Customers Bancorp in Pennsylvania, led by former Sovereign CEO Jay Sidhu, will bring in $100 million in capital by acquiring Acacia Federal Savings.
June 22 -
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
Pricing of the initial public offerings of two buyers of distressed banks fell short of expectations Thursday.
Capital Bank Financial (CBF) in Coral Gables, Fla., priced its shares at $18 per share, the $6.3 billion-asset company said Thursday. Last week
National Bank Holdings (NBHC) in Greenwood, Colo., priced its shares at $19.25 per share, the $5.7 billion-asset company said Thursday. This was below the
Financial companies have struggled in pricing their IPOs recently and others have even avoided going public.
Customers Bancorp in Wyomissing, Pa., postponed its IPO plans in May and later
National and Capital's shares began trading on Thursday. National's shares were up about 3%, to $19.83, at midday while Capital's shares rose more than 1%, to $18.30.