First National looks to raise $200 million in fresh capital

Edwards, John C.
July 2008
Las Vegas Business Press (10712186);7/21/2008, Vol. 25 Issue 29, pP13
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.


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