The Bank Slate


Merchants in Ind., Fieldpoint in Conn. raise capital from stock sales

A pair of banks raised capital from selling common stock.

Merchants Bancorp in Carmel, Ind., brought in $103 million from a follow-on offering, according to data compied by Performance Trust Capital Partners.

The $17.8 billion-asset company had announced plans to sell 2.4 million shares. Proceed will be used for general corporate purposes, including supporting the bank’s balance sheet growth.

Separately, Fieldpoint Private Holdings in Greenwich, Conn., raised $4 million from a private placement. The number of shares sold, investors, and plans for using the shares wasn’t available.

Fieldpoint is the holding company for the $1.2 billion-asset Fieldpoint Private Bank & Trust.

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