First Internet Bancorp in Indianapolis plans a secondary offering of about $20 million of common stock.
The $1.2 billion-asset holding company for First Internet Bank said it will offer 895,955 shares at $23 per share of the company's common stock. The offering is expected to close on or around May 26.
First Internet said it plans to use the proceeds for general corporate purposes that may include contributing capital to the bank to support organic growth and repay or redeem existing debt.
-
Harmony Bank in Jackson, N.J., has exited the Small Business Lending Fund. The $ 295 million-asset company said in a press release Tuesday that it paid about $3.5 million to redeem roughly 3,500 shares of preferred stock.
May 17 -
The First of Long Island Corp. in Glen Head, N.Y., plans a secondary offering of about $35 million of common stock.
May 3 -
California Bank of Commerce in Lafayette has raised $9 million to help it exit the Small Business Lending Fund.
May 20
Sandler O'Neill was the sole underwriter for the offering, First Internet said in a news release Tuesday.