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0.000722543352601141 0.000722543352601141 0.000722543352601141 0.000722543352601141 -0.00302023121387272 -0.0418352601156069 -0.0418352601156069 -0.0418352601156069
Stock impact report

Pathfinder Bancorp, Inc. Announces Completion of $20.8 Million Private Placement of Equity Capital

Pathfinder Bancorp, Inc. (PBHC) 
Company Research Source: GlobeNewswire
OSWEGO, N.Y., May 09, 2019 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc.  (“Pathfinder” or the “Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), announced today that it has successfully closed a $20.8 million private placement of shares (“Shares”) of common stock and a newly issued series of convertible perpetual preferred stock (“Preferred Stock”) to local and institutional investors.  The Shares were sold at $14.25 per share.  An affiliate of Castle Creek Capital LLC (“Castle Creek”), a California-based private equity firm and a leading investor in the financial institutions sector, was the institutional investor in the offering.  Accredited investors, members of the Board of Directors, and executive management of Pathfinder purchased $3.8 million of Pathfinder common stock in the transaction. The Company intends to use the proceeds for general corporate purposes and to support future growth, which may include increased levels of lending activities and g Show less Read more
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