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Norwood Financial Launches Public Offering Of Shares Of Its Common Stock; No Terms Disclosed

Benzinga Newsdesk 1 year ago

NewsOfferings

Norwood expects to use the net proceeds from this offering for investment into its bank subsidiary to support its capital ratios in connection with the repositioning of a substantial portion of the Company's

Norwood expects to use the net proceeds from this offering for investment into its bank subsidiary to support its capital ratios in connection with the repositioning of a substantial portion of the Company's available-for-sale debt securities portfolio, and for general corporate purposes, repurchase of common stock and support acquisitions of other institutions or branches if opportunities for such transactions become available.

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