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Article: FC Holdings, Inc. and JLL Announce an Investment of up to $150 Million.
- Article from:
- PR Newswire
- Article date:
- September 6, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. 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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HOUSTON, Sept. 6 /PRNewswire/ -- FC Holdings, Inc. of Houston, Texas and JLL Partners Fund FCH, L.P. ("JLL") of New York, New York today jointly announce JLL's agreement to invest up to $150 million in FC Holdings.
The net proceeds will be used by FC Holdings to complete its previously announced acquisition of First Crockett Bancshares and to fund the Company's growth strategy of targeted acquisitions that supplement the organic expansion of its subsidiary banks, First Community Bank The Woodlands, First Community Bank Fort Bend, First Community Bank San Antonio and First Community Bank Central Texas.
Wade Schuessler, President of FC Holdings stated, ...