Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Thu, December 2, 11:50 AM
|This Slide: #368 of 573|
Slide #368. SB Financial Group, Inc. — Preferred Stock Offering
SB Financial Group, Inc. (NASDAQ:SBFG)
Preferred Stock Offering Details:
SB Financial Group, Inc. (NASDAQ: SBFG) (the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management and item processing services, announced today that the Company filed a Registration Statement on Form S-1 with the Securities and Exchange Commission (the "SEC") on September 22, 2014. The registration statement describes the Company's intent to raise up to $15,000,000 pursuant to a proposed public offering of up to 1,500,000 depositary shares, each representing a 1/100th interest in a Noncumulative Convertible Perpetual Preferred Share, Series A, of the Company with a liquidation preference of $1,000 per share (equivalent to $10.00 per depositary share). A minimum of 1,000,000 depositary shares ($10,000,000) must be sold by the Company to complete the offering.
SB Financial Group is a financial holding company. Through its direct and indirect subsidiaries, Co. is engaged in financial activities, including commercial banking, and wealth management services. Co.'s subsidiary, The State Bank and Trust Company, provides a range of commercial banking services, including checking accounts, savings accounts, money market accounts and time certificates of deposit; automatic teller machines; commercial, consumer, agricultural and residential mortgage loans; personal and corporate trust services; commercial leasing; bank credit card services; safe deposit box rentals; internet banking; private client group services; and other personalized banking services.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 78% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com