-
FNBH Bancorp (FNHM) in Howell, Mich., has raised $16.4 million through a private placement.
January 13 -
FNBH desperately needs capital after regulators shot down a plan that had a hefty percentage of debt. The company is hoping an equity infusion by a big investor will help it get on track.
August 20
FNBH Bancorp (FNHM) in Howell, Mich., plans to raise up to $1.5 million in a rights offering.
The $311 million-asset company will sell up to 2.3 million shares of common stock at 70 cents each, according to a Friday
FNBH said it plans to use a portion of the proceeds to boost capital. The companys First National Bank in Howell is required to maintain a minimum 8.5% Tier 1 leverage ratio and an 11% total risk-based capital ratio under an
FNBH raised $17.5 million in a
FNBH may also use some of the proceeds from the offering for holding company expenses or future bank contributions, the filing said.