Posted 6/27/2011 03:42 pm
Updated 2 years ago
The company announced Monday that shareholders fully subscribed to the common stock offering that closed June 21, part of a recapitalization effort implemented by Bear State Financial Holdings LLC.
The gross proceeds of the offering total about $8.7 million. This follows a May 3 private placement offering of 15.4 million shares with Bear State investors that generated more than $46 million.
Shares in the bank holding company for Harrison's First Federal Bank (Nasdaq: FFBH) are trading at $5.64 per share. In the last 52 weeks, it had traded as high as $19.50 and as low as $4.70 per share.
The community bank, founded in 1934, serves consumers and businesses in north-central and northwest Arkansas through 18 full-service branches, a loan production office and 29 ATMS.