Fidelity Southern in Georgia to Raise $60M, Exit Tarp

Davis, Paul
June 2013
American Banker;6/ 5/2013, Vol. 178 Issue 86, p19
Trade Publication
The article mentions Fidelity Southern bank holding company in Atlanta, Georgia is planning to raise $60 million in a public offering and plans to use the funds and cash on hand to exit the U.S. Troubled Asset Relief Program (Tarp) and also redeem the company's preferred stock, according to a press release. The offering's three underwriters including FIG Partnes have an option to purchase shares.


Related Articles

  • Avidbank in California Redeems Tarp Shares. Cumming, Chris // American Banker;8/ 2/2013, Vol. 178 Issue F330, p3 

    The article mentions Avidbank Holdings in Palo Alto, California redeemed $6 million of its preferred stock issued to the U.S. Treasury Department in 2009 in exchange for funds from the Troubled Asset Relief Program (Tarp), according to an August 1, 2013 announcement. A press release from...

  • Independent in Michigan Pays $81 Million, Exits Tarp. Cumming, Chris // American Banker;9/4/2013, Vol. 178 Issue 136, p3 

    The article reports Independent Bank in Ionia, Michigan exited the Troubled Asset Relief Program (Tarp) by paying $81 million to redeem the shares issued to Tarp and to pay accrued dividends. The article notes Anchor raised $89 million in a common stock offering. A September 2, 2013 press...

  • Unity in N.J. to Redeem Tarp Stock. Cumming, Chris // American Banker;7/3/2013, Vol. 178 Issue 102, p4 

    The article mentions Unity Bancorp in Clinton, New Jersey will pay the U.S. Treasury Department $10.4 million on July 3, 2013 to redeem its preferred stock that was issued when Unity participated in the Troubled Asset Relief Program (Tarp). The article notes Unity Bancorp received $20.6 million...

  • Firstbank in Michigan to Retire Tarp Debt for $17M. Cumming, Chris // American Banker;5/ 9/2013, Vol. 178 Issue 72, p5 

    The article mentions Firstbank in Alma, Michigan plans to redeem its remaining shares in the U.S. Treasury Department's Troubled Asset Relief Program (Tarp) for $17 million on June 14, 2013. The article notes Firstbank received a $33 million bailout from Tarp in January 2009. A press release...

  • Maryland Bank Provides Possible Road Map for Tarp Exits. Davis, Paul // American Banker;8/21/2013, Vol. 178 Issue 129, p16 

    The article discusses Delmar Bancorp's deal to sell 40 percent of itself to investor Kenneth Lehman for $6 million in cash and cancellation of preferred stock he bought at a U.S. Troubled Asset Relief Program (Tarp) auction in early 2013. In the deal, Lehman also waives his rights to about...

  • Westamerica Buys Back Tarp Shares.  // American Banker;11/19/2009, Vol. 174 Issue 209, p16 

    The article reports that the bank holding company Westamerica Bancorp. has repurchased all of the preferred stock it issued to the U.S. Treasury Department in return for $83.7 million it received from the Troubled Asset Relief Program (TARP), the government bailout program for the financial...

  • Independent in Michigan to Raise $86 Million to Exit Tarp. Cumming, Chris // American Banker;8/20/2013, Vol. 178 Issue 128, p3 

    The article mentions Independent Bank in Ionia, Michigan started a common stock offering on August 19, 2013 and plans to raise up to $86 million which will be used to exit the U.S. Troubled Asset Relief Program (Tarp). The article also mentions the firm underwriting the offering has an option to...

  • Treasury to Sell Its Tarp Stakes in Six More Banks. Cumming, Chris // American Banker;2/6/2013, Vol. 178 Issue 20, p3 

    The article reports the U.S. Treasury Department plans to auction off $313 million in preferred stock and subordinated debt investments of six financial institutions that received bailouts from the Troubled Asset Relief Program (Tarp). The companies include Flagstar Bancorp, Ridgestone Financial...

  • Midwest's Revival Plan Takes Key Step Forward. Barba, Robert // American Banker;1/25/2010, Vol. 175 Issue 12, p1 

    The article reports that Midwest Banc Holdings Incorporated of Melrose Park, Illinois has announced that it persuaded over 80% of its preferred shareholders to convert to common shareholders. According to the article, while it still has credit problems, this exchange is considered essential in...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics