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Article: BankBlackwell Extends Initial Public Offering; Deadline for Participating in $17.5 Million Offering of Common Stock Extended until September 30, 2005.
- Article from:
- Business Wire
- Article date:
- June 28, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON -- BankBlackwell, a bank in organization, announced today the extension of its initial public offering of Common Stock through September 30, 2005. BankBlackwell is offering up to 1,664,000 shares of its common stock at a public offering price of $10.00 per share. The Bank is offering its common shares directly to individual and institutional investors. Net proceeds will be used principally for general corporate purposes, including initial working capital and support of loan and deposit growth.
BankBlackwell intends to operate as a savings bank focused on offering selected financial services over the Internet to African-American individuals and churches and ...