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McHenry Bancorp completes $23M common stock offering

McHenry, Ill.-based McHenry Bancorp Inc. has completed the $23 million private placement of its common stock.

Net proceeds from the offering were used to restore the company's capital to the level required by federal banking regulators. Part of the proceeds were also used to provide additional capital for future growth, customer expansion and general corporate purposes.

FIG Partners served as the sole placement agent for the offering.