Intervest Bancshares Corporation Successfully Completes IPO.NEW YORK--(BUSINESS WIRE)--Dec. 1, 1997--Intervest Bancshares Corporation announced today that it has successfully completed the sale of 747,500 units at a price of $10 per unit, each unit consisting of one share of Class A Common stock and one Warrant to purchase Class A Common Stock. With the completion of this offering the company's shareholder equity is in excess of $16,000,000. The Class A Common Stock is listed on the NADSDQ Small Cap - trading symbol Trading symbol See: Ticker symbol INBA INBA Instituto Nacional de Bellas Artes (Spanish) INBA Illinois News Broadcasters Association INBA International Natural Bodybuilding Association (Canada) INBA International Nubian Breeders Association . The subsidiary of Intervest Bancshares Corporation is Intervest Bank, a Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and chartered commercial bank with headquarters in Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. . CONTACT: Intervest Bancshares Corporation Jerome Dansker, Chairman 212/757-7300 |
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