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CoBiz Financial in Denver plans to shutter its investment banking unit by the end of March.
February 20 -
Emclaire Financial in Emlenton, Pa., has raised $8 million in a private placement of its common stock.
June 12 -
Eagle Bancorp in Bethesda, Md., is looking to raise funds to exit the Small Business Lending Fund.
March 2
CoBiz Financial in Denver plans to issue up subordinated debt to redeem its shares in the Small Business Lending Fund.
The $3.1 billion-asset company has commenced an offering of unsecured fixed to floating-rate notes due 2030, according to an
CoBiz will use the proceeds to redeem $57.4 million of preferred stock held by the Treasury Department as part of the Small Business Lending Fund. Excess proceeds will be used for general corporate purposes.
JPMorgan Chase and Keefe, Bruyette & Woods are underwriters on the offering. Sherman & Howard is legal counsel.
