Vedder Thinking | News Vedder Price Advises FIG Partners, LLC as Agent in Bank Conversion Stock Offering
July 13, 2017
Vedder Price’s Securities and Capital Markets Group and its Financial Institutions Group recently represented FIG Partners, LLC (FIG), the selling agent and financial advisor to Heritage NOLA Bancorp, Inc. in its stock offering in connection with the mutual to stock conversion of Heritage Bank of St. Tammany.
According to its press release, Heritage NOLA Bancorp sold 1,653,125 shares of its common stock at a price of $10.00 per share, for gross offering proceeds of $16,531,250. Shares of Heritage NOLA Bancorp’s common stock began trading on July 13, 2017 on the OTC Pink Marketplace under the trading symbol, “HRGG.”
Jennifer D. King, Shareholder and Co-Chair of the Firm’s Securities & Capital Markets Group and a member of its Financial Institutions Group, led the team from Vedder Price.