N.Y. bank nixes stock offering due to market turbulence | American Banker

This post was originally published on this site


Stock market turbulence has prompted a western New York bank to withdraw plans to raise capital.

Financial Institutions in Warsaw said in a press release late Thursday that it will shelve plans to sell $40 million in common stock.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.