Pa. Fire Sale Preferred to Big Dilution

Barba, Robert
December 2009
American Banker;12/29/2009, Vol. 174 Issue 229, p1
Trade Publication
The article discusses the business plans of First Chester County Corp. First Chester announces that it will be selling itself at a discounted price to the Pennsylvania company Tower Bancorp Inc. for 65 million dollars in stock. John A. Featherman, chairman and president of First Chester, reports the deal with Tower Bancorp was preferred over a large dilution.


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