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Neighborhood Bancorp raises $6.4M in oversubscribed stock offering

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Neighborhood Bancorp raises $6.4M in oversubscribed stock offering

Neighborhood Bancorp, the parent of Neighborhood National Bank, raised $6.4 million in an oversubscribed stock offering.

The investment was led by Taylor Asset Management Inc. Chairman Stephen Taylor.

Hovde Group served as sole placement agent on the transaction.