Business News • MarketWire • Ohio Legacy Bank Completes Capital Infusion |
Ohio Legacy Bank Completes Capital Infusion |
|
|
Ohio Legacy Bank Completes Capital Infusion
WOOSTER, OH--(Marketwire - February 20, 2010) - Wilbur Roat, the Chairman of the Boards of Directors of Ohio Legacy Corp, an Ohio corporation and registered bank holding company ("OLC"), and Ohio Legacy Bank (NASDAQ: OLCB), a national bank and the wholly owned subsidiary of OLC, announced that on Friday, February 19, the previously announced $17.5 million capital infusion in OLC and Ohio Legacy Bank closed, effective as of 11:59 p.m on that day. Excel Bancorp, LLC was lead investor in the capital infusion, and was joined by other local investors. Excel Bancorp, led by Bruce A. Cassidy, Sr., its managing member, has obtained majority ownership of OLC. The application of Excel Bancorp to register as a bank holding company was approved on February 12, 2010, by the Federal Reserve Bank of Cleveland.
View More : http://www.marketwire.com/mw/release.do?id=1119774&sourceType=3
|
|
|