Security Bank Corporation Announces $40 Million Subordinated Debt Issuance
MACON, Ga., April 29, 2008 (PRIME NEWSWIRE) -- Security Bank Corporation (Nasdaq:SBKC), as part of a comprehensive plan to enhance and strengthen its capital levels, announced today it has issued $40 million of subordinated notes from a newly formed subsidiary to private equity funds managed by FSI Group, LLC, a multi-strategy investment firm focused on financial institutions. The subordinated notes, when coupled with the previously announced $28 million rights offering, better positions Securit...
4/29/2008 12:30:00 PM
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