Syringa Bancorp Extends Capital Offering
February 02 2010 - 7:38PM
Business Wire
Syringa Bancorp (OTCBB: SGBP) On January 31, 2010, the Board of
Directors of Syringa Bancorp unanimously agreed to extend the
current Syringa Bancorp offering of common stock until February 28,
2010 in order to allow shareholders and investors adequate time to
participate. “We believe it is appropriate to extend the offering
as we received notice that several shareholders would like to
participate but were unable to due so because of a delay in
receiving the subscription materials from their brokers,” said
Jerry Aldape, President and CEO.
Aldape went on to say, “I am pleased that the response to the
offering has been positive. We have strong management participation
in the offering along with 100% board participation. I believe this
shows the confidence everyone has in the strength of our bank.”
Syringa Bancorp is committed to serving the Treasure Valley and
Northern Idaho and believes that raising additional capital now
will position Syringa Bancorp to grow in the future as the economy
turns and revives.
Syringa Bancorp was organized in April 2005 as a holding company
of Syringa Bank. Syringa Bank was formed in 1996 and has since
expanded to six branch locations, and two mortgage offices, all
within the state of Idaho. Syringa Bank is an Idaho state-chartered
commercial bank.
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or results are “forward-looking statements” within the meaning of
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pursuant to the safe harbors of the PSLRA. Actual results could be
materially different from those expressed or implied by the
forward-looking statements. Factors that could cause results to
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business conditions, competitive conditions between banks and
non-bank financial service providers, interest rate fluctuations,
regulatory and accounting changes, risks related to construction
and development, commercial real estate and consumer lending and
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