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Clients of many community banks in Illinois can apply for short-term loans as lawmakers grapple over issuing paychecks while the state has no budget.
July 13 -
First Mid-Illinois Bancshares in Mattoon plans to sell about $29.3 million in common stock in a private placement.
June 18 -
Revere Bank in Laurel, Md., has raised $15.5 million through a private placement of its common stock. The $717 million-asset bank sold 1 million shares at $15.50 per share.
June 15
Prairie Community Bank in Marengo, Ill., has raised $2.48 million in a private placement of its preferred stock.
The $103 million-asset bank plans to the proceeds to pay off some of its subordinated debentures and also for future growth, Dianna Torman, chief executive, said in an interview.
Prairie sold 12,400 newly issued shares at $200 per share. The majority was purchased by existing shareholders and the remainder by community members.
Community Capital Advisors was financial adviser to Prairie on the offering.
