TITLE

First National looks to raise $200 million in fresh capital

AUTHOR(S)
Edwards, John C.
PUB. DATE
July 2008
SOURCE
Las Vegas Business Press (10712186);7/21/2008, Vol. 25 Issue 29, pP13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the First National Bank Holding Co. is seeking to raise $200 million in additional capital from private equity firms. The entry notes that the money would come in the form of preferred stock while stock ownership in the bank holding company will remain with the Lamb family. Analysts cite that the capital replenishment should make up for the reduction loan loss reserves for problem loans.
ACCESSION #
33908458

 

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