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b1Bank raises $72 million in preferred stock placement

Por: The Advocate Business September 17, 2022

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b1Bank said it raised $72 million through the sale of preferred stock to selected investors.The Baton Rouge-based bank said Thursday it plans to use the proceeds from the stock sale to support continued growth and assist with efforts to support small businesses and entrepreneurs.In a statement, Jude Melville, president and CEO of b1Bank, said he was thankful for the investors, businesses and institutions that participated in the stock... + full article



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