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Highlands Bancorp completes $8.5M common share offering

Vernon, N.J.-based Highlands Bancorp Inc. completed an $8.5 million private placement, issuing 913,978 common shares at $9.30 each to mostly institutional investors.

Proceeds will be used for general corporate purposes.

FIG Partners LLC was the sole placement agent, while Windels Marx Lane & Mittendorf LLP provided legal counsel to the company.