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BANDO McGLOCKLIN FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING OF COMMON STOCK

 BANDO McGLOCKLIN FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING
 OF COMMON STOCK
 BROOKFIELD, Wis., Aug. 28 /PRNewswire/ -- Bando McGlocklin Capital Corporation (NASDAQ: BMCC) today announced the filing with the Securities and Exchange Commission of a registration statement for the public offering of 1 million shares of common stock. The shares to be offered consist entirely of newly issued shares.
 The shares will be offered by an underwriting group managed by Robert W. Baird & Co., Incorporated, Milwaukee, and Stifel, Nicolaus & Company Incorporated, St. Louis, pursuant to the prospectus filed as part of the registration statement. Copies of the prospectus are available from the underwriters. The net proceeds will be initially used for repayment of SBA debentures upon maturity and reduction of outstanding short-term borrowings. The company will make additional secured loans to small businesses with the increase in available funds.
 Founded in 1980, Bando McGlocklin Capital Corporation provides long- term secured loans to finance the growth and development of small businesses, and is a federal licensee under the Small Business Investment Act of 1958.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 8/28/92
 /CONTACT: Cynthia Garland of Garland Public Relations, 414-238-1788, for Bando McGlocklin Capital Corporation/
 (BMCC) CO: Bando McGlocklin Capital Corporation ST: Wisconsin IN: FIN SU: OFR


JG -- DE016 -- 4337 08/28/92 11:22 EDT
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Publication:PR Newswire
Date:Aug 28, 1992
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