The Bank Slate


Banks in Minn., Texas complete private placements

Banks in Minnesota and Texas have raised capital through private placements of common stock.

Plato Holdings in in St. Paul, Minn., brought in $3.1 million on Oct. 10, according to data collected by Performance Trust Capital Partners. Plato is the parent company of the $215 million-asset Drake Bank.

Texas State Bankshares in Harlingen raised $1.2 million on Oct. 11. The $2.6 billion-asset company agreed in August to buy municipal underwriter Estrada Hinojosa & Co.

The PTCP data did not include information on the pricing, investors or planned use of proceed for the private placements.

Leave a Reply

Your email address will not be published. Required fields are marked *