First Waterloo in Ill. raises $8.5M in private placement

First Waterloo Bancshares in Waterloo, Ill., has raised nearly $8.5 million through a private placement.

The $823 million-asset company raised the capital on Jan. 28, according to data compiled by Performance Trust Capital Partners.

Performance Trust also reported that M&T Bank in Buffalo, N.Y., raised $1 billion by issuing senior debt.