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Lake Shore Bancorp, Inc. Announces Results of Special Meetings of Stockholders and Members
Globenewswire· 2025-07-01 20:48
Core Viewpoint - Lake Shore Bancorp, Inc. has received approval from stockholders and members for its conversion plan from a mutual holding company to a fully public stock holding company, along with the Bank's transition to a New York chartered commercial bank [1] Group 1: Company Overview - Lake Shore Federal Bancorp is the mid-tier holding company for Lake Shore Savings Bank, which is a federally chartered, community-oriented financial institution based in Dunkirk, New York [4] - The Bank operates ten full-service branch locations in Western New York, providing a wide range of retail and commercial lending and deposit services [4] - Lake Shore Federal Bancorp's common stock is traded on the NASDAQ Global Market under the ticker symbol "LSBK" [4] Group 2: Conversion and Reorganization - The special meetings held on July 1, 2025, resulted in the approval of the Amended and Restated Plan of Conversion and Reorganization [1] - The completion of the conversion and stock offering is contingent upon receiving final regulatory approvals and meeting customary closing conditions [2]
Eos Energy Enterprises, Inc. Announces Proposed Offering of Common Stock
Globenewswire· 2025-05-29 10:55
EDISON, N.J., May 29, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”) today announced that it has commenced a $75,000,000 common stock offering (the “Offering”). The Offering is being made pursuant to the Securities Act of 1933, as amended (the “Securities Act). The Company expects to grant the underwriters of the Offering, a 30-day option to purchase up to an additional $11,250,000 of common stock, at the public offering price, less the underwriting discounts. ...
Lake Shore Bancorp, Inc. Announces Commencement of Stock Offering
Globenewswire· 2025-05-23 20:00
Core Viewpoint - Lake Shore Bancorp, Inc. is initiating a common stock offering as part of its conversion from a mutual holding company to a stock holding company, which includes renaming the Bank to Lake Shore Bank and converting its charter to a New York commercial bank [1][4]. Group 1: Stock Offering Details - Lake Shore Bancorp is offering up to 5,750,000 shares of common stock at a price of $10.00 per share, with the possibility of increasing to 6,612,500 shares [2]. - The stock will be available to eligible depositors and the employee stock ownership plan, with a community offering for unsubscribed shares, prioritizing residents of Chautauqua, Erie, and Cattaraugus counties [2]. - A minimum of 4,250,000 shares must be sold to complete the conversion and stock offering, subject to regulatory approvals and customary closing conditions [4]. Group 2: Company Background - Lake Shore Federal Bancorp is the mid-tier holding company for Lake Shore Savings Bank, a community-oriented financial institution based in Dunkirk, New York, with ten full-service branches in Western New York [6]. - The Bank provides a range of retail and commercial lending and deposit services, and its common stock is traded on NASDAQ under the symbol "LSBK" [6]. Group 3: Contact and Information - For inquiries regarding the conversion and stock offering, interested parties can contact the Stock Information Center, which will operate from May 27, 2025, to June 24, 2025 [3]. - Additional information about the company and the stock offering can be accessed through the SEC's website or by contacting Lake Shore Bancorp directly [9].
Medallion Bank Announces Launch of Series G Preferred Stock Offering
Globenewswire· 2025-05-14 20:00
Company Overview - Medallion Bank is an FDIC-insured bank that specializes in providing consumer loans for recreational vehicles, boats, and home improvements, as well as loan origination services to fintech partners [7] Offering Details - Medallion Bank has launched a public offering of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, with a par value of $1.00 per share and a liquidation amount of $25 per share [1] - The Series G Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "MBNKO" [1] - The underwriters will have a 30-day option to purchase additional shares to cover over-allotments [2] Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, which may include increasing capital levels, growing consumer loan portfolios, or redeeming outstanding Series F Preferred Stock, subject to regulatory approval [3] Management and Underwriters - Piper Sandler & Co. and Lucid Capital Markets, LLC are acting as joint book-running managers for the offering [4] - Additional lead managers include A.G.P./Alliance Global Partners, B. Riley Securities, Inc., and others [4] Regulatory Information - The offering is exempt from the registration requirements of the Securities Act of 1933 and will be made only by means of an offering circular [5] - The preliminary offering circular is available at medallionbankoffering.com [6]
Wintrust Financial Corporation Announces Pricing of $425 Million Preferred Stock Offering
Globenewswire· 2025-05-09 00:55
Core Viewpoint - Wintrust Financial Corporation has announced a public offering of 17 million depositary shares, aiming for gross proceeds of $425 million, with each share representing a 1/1,000th interest in its preferred stock [1][2]. Group 1: Offering Details - The offering consists of 17 million depositary shares priced at $25.00 each, totaling gross proceeds of $425 million before expenses [1]. - Each depositary share represents a 1/1,000th interest in Wintrust's 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F [1]. - The expected closing date for the offering is May 22, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Wintrust plans to use the net proceeds for general corporate purposes, which may include redeeming outstanding shares of Series D and Series E preferred stock, subject to Federal Reserve approval [2]. Group 3: Listing and Management - Wintrust intends to list the depositary shares on The Nasdaq Global Select Market under the symbol "WTFCN" [2]. - RBC Capital Markets is the sole book-running manager, with Keefe, Bruyette & Woods, Piper Sandler, and US Bancorp acting as co-managers for the offering [2]. Group 4: Company Overview - Wintrust is a financial holding company with over 200 retail banking locations across several states, providing a range of banking and non-banking services [5]. - The company operates under a philosophy of offering large bank resources while maintaining a community banking experience [5].