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Home Bancorp Wisconsin completes private placement of common stock

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Home Bancorp Wisconsin completes private placement of common stock

Home Bancorp Wisconsin Inc. completed a private placement of 417,949 common shares at $9.75 apiece.

The gross proceeds of the offering are expected to be about $4.1 million, before deducting expenses.

The Madison, Wis.-based company will use the proceeds for general corporate purposes, including strengthening Home Savings Bank's capital position, funding loan growth and maintaining regulatory requirements.

FIG Partners LLC served as the offering's placement agent.