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Solera National Bancorp raises $9.7M in rights offering

Lakewood, Colo.-based Solera National Bancorp Inc. has closed its previously announced rights offering.

The offering expired at 5 p.m. Mountain Time on May 31.

Holders of Solera's common stock as of Jan. 29 were offered nontransferable rights to purchase one common share of the company for every two common shares held at a purchase price of $7.25 per share. The aggregate number of shares offered was 1,365,656 of which 1,332,307 were subscribed for.

The offering resulted in approximately $9.7 million in new capital.

Solera National Bancorp is the holding company for Solera National Bank.