First Bank in N.J. Raises $23 Million in IPO

By Sarah Todd November 21, 2013, 10:28 a.m. EST 1 Min Read

Community banking

First Bank to Acquire Heritage Community in New Jersey Merger

First Bank in Hamilton, N.J., has agreed to buy Heritage Community Bank in Randolph.

By Chris Cumming

July 15
M&A

Allegiance Closer to IPO After Deal to Buy Houston Rival

Determined to stay independent, Allegiance Bancshares is looking for more deals like its recent one with Independence Bank so it can get big enough to go public. Other Texas banks could be attracted by the chance to join a soon-to-be public company.

By Robert Barba

August 12

First Bank in Hamilton, N.J., raised approximately $23 million in its initial public offering, according to a Wednesday press release.

The company sold 3.8 million shares of common stock at $6 per share, in line with the pricing announced last week. Underwriters purchased an additional 500,000 shares of common stock to cover over-allotments.

The company's stock was trading at $6.10 per share Thursday morning.

Robert W. Baird & Co. was the sole book-running manager in the offering. CV Brokerage acted as co-manager.

Sarah Todd

Deputy Editor, BankThink

MORE FROM AMERICAN BANKER

Politics and policy

'We lean optimistic': Bankers hope election outcome will boost loan growth

Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.

By Catherine Leffert

7h ago
Payments

How one industry group is challenging the CFPB's BNPL rule

The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here's what's at stake.

By Joey Pizzolato

8h ago
Election 2024

Election could mean new leaders for key Congressional committees

Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.

By Caitlin Devitt

9h ago
Customer experience

'Like qualitative research without having to pay': A bank's guide to Reddit

Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.

By Miriam Cross

10h ago
Federal Reserve

Senate Democrats call for another half-point Fed rate cut

Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.

By Kyle Campbell

10h ago
Community banking

Community banks hire, promote top executives in October

Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.

By Jim Dobbs

11h ago