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After less than a year on the job, BNC Financial CEO Peyton Patterson is looking at new markets, products and a plan to bring in up to $50 million in capital.
June 27 -
BNC Financial Group in New Canaan, Conn., is planning to change its name to Bankwell Financial.
June 26
Bankwell Financial Group (BWFG) in New Canaan, Conn., has raised about $6.2 million in a private offering.
The $483 million-asset company issued 370,000 shares of common stock to a prominent financial institution investor, according to a press release Monday. The investor was not named in the release.
The offering is part of a
Bankwell also said that the previously announced
"We are excited to have passed this milestone and look forward to completing the merger," Bankwell President and Chief Executive Peyton Patterson said in the release. "Together, we will continue to be the hometown bank serving the local community, but with a far greater array of services to offer individuals and businesses in the Wilton market. The additional capital we raised today will continue to support Bankwell's anticipated growth from a strong capital position."