Sandy Springs, Georgia, June 17, 2015 (Newswire.com) - Signature Bank of Georgia (“Signature”) is raising $5 million of common stock to fund future growth and accelerate the disposition of the bank’s remaining problem assets. The offering is open to existing shareholders as well as accredited investors and institutions.
Signature has already secured commitments for approximately $3.0 million of the raise and expects to complete the offering over the next few weeks.
“We are pleased to offer new and existing investors the opportunity to participate in our growth as we expand our market share in the vibrant North Atlanta corridor,” said Signature CEO and President Freddie J. Deutsch.
Signature has engaged Banks Street Partners, LLC to assist with the offering.
Established in 2005, Signature Bank of Georgia is the only locally owned and operated community bank headquartered in Sandy Springs, GA. It offers a full range of business and consumer deposit products and loans in the metropolitan Atlanta area.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Signature.
Member FDIC, Equal Housing Lender