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News  ›  Benzinga

FIRST RESOURCE BANCORP, INC. COMPLETES $8 MILLION SUBORDINATED DEBT OFFERING

Benzinga Logo Benzinga By Prnewswire
FIRST RESOURCE BANCORP, INC. COMPLETES $8 MILLION SUBORDINATED DEBT OFFERING

First Resource Bancorp successfully raised $8 million through a private placement of subordinated notes, which will support bank growth, retire existing debt, and qualify as Tier 2 capital.

Insights
WPP   negative

Claimed to have misrepresented media arm's capabilities and market competitiveness


FRSB   positive

The company completed a strategic capital raise without placement agents, demonstrating financial efficiency and supporting future growth objectives