Fort Lee, N.J.-based CRB Group Inc., the parent company of Cross River Bank, has completed its offering of $27 million in senior unsecured notes due June 15, 2023.
The notes were sold at par with a 6.25% coupon.
Net proceeds will be used for general corporate purposes, including to support the growth of Cross River Bank.
Sandler O'Neill & Partners LP served as sole placement agent for the offering.
