trending Market Intelligence /marketintelligence/en/news-insights/trending/GEOe8VSpCPKdrIQcM6SAag2 content esgSubNav
In This List

ES Bancshares completes private placement of common stock

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


ES Bancshares completes private placement of common stock

ES Bancshares Inc. completed its private placement of 2,527,707 common shares on Oct. 18.

The offering resulted in gross proceeds of approximately $10.5 million. The shares were sold pursuant to definitive agreements with institutional investors and certain other accredited investors, including directors and executive officers of ES Bancshares.

The Newburgh, N.Y.-based company will use the proceeds from the sale of common stock for general corporate purposes.

Raymond James & Associates Inc. was placement agent for the offering.