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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Sep. 1, 4:58 PM

Slide #7. Pathfinder Bancorp, Inc. Secondary Offering

Company: Pathfinder Bancorp, Inc. (NASDAQ:PBHC)
Date announced: 8/15/2014
Secondary Offering Details: Pathfinder Bancorp, Inc. ("Pathfinder-Federal"), (NASDAQ: PBHC), the holding company for Pathfinder Bank (the "Bank"), today announced that Pathfinder Bancorp, Inc., a Maryland corporation, the proposed new holding company for the Bank ("New Pathfinder") and Pathfinder Bancorp, MHC have received conditional regulatory approval from the Board of Governors of the Federal Reserve System to commence New Pathfinder's stock offering in connection with Pathfinder Bancorp, MHC's proposed second-step conversion. Pathfinder-Federal also announced today that the registration statement relating to the sale of common stock of New Pathfinder has been declared effective by the Securities and Exchange Commission.

Pathfinder Bancorp is a savings and loan holding company. Co.'s primary business is its investment in Pathfinder Bank (the Bank). The Bank is primarily engaged in the business of accepting deposits from the general public in the Bank's market area, and investing such deposits, together with other sources of funds, in loans secured by one- to four-family residential real estate, commercial real estate, small business loans, and consumer loans. The Bank also invests in mortgage-backed securities primarily issued or guaranteed by U.S. Government sponsored enterprises. At Dec 31 2012, Co. had total assets of $477.8 million and total deposits of $391.8 million.
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Company Name:  Pathfinder Bancorp, Inc.
Sector:  Credit Services & Lending

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September 1, 2014    4:58 PM Eastern
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