Printer Friendly

FIRST FINANCIAL CARIBBEAN COMPLETES REGISTERED DIRECT PLACEMENT AT $28 PER SHARE

 SAN JUAN, Puerto Rico, Sept. 24 /PRNewswire/ -- First Financial Caribbean Corporation (NASDAQ-NMS: FRCC) today announced that it has completed a registered direct placement of 607,724 shares of common stock at a price of $28 per share.
 First Financial Caribbean filed a registration statement with the Securities and Exchange Commission on Aug. 31, 1993 in connection with the offering. The firm of Brean Murray, Foster Securities Inc. acted as the placement agent for the securities. All of the shares of common stock sold were offered by certain non-management shareholders of First Financial Caribbean.
 First Financial Caribbean Corporation, through its HF Mortgage Bankers and Doral Mortgage Corporation operating units, is the leading mortgage banker in Puerto Rico. The company, with 17 offices throughout Puerto Rico and one office in Orlando, Fla., engages in the origination, sale and servicing of mortgage loans. The company also operates Doral Federal Savings Bank, a federally chartered savings association.
 -0- 9/24/93
 /CONTACT: Michele Katz or Jeff Majtyka of Morgen-Walke Associates, Inc., 212-850-5600/
 (FRCC)


CO: First Financial Corporation ST: Puerto Rico IN: FIN SU: OFR

TS -- NY040 -- 5376 09/24/93 11:17 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 24, 1993
Words:189
Previous Article:LUXCEL GROUP ACQUIRES 50 PERCENT OF MARIGA COMMUNICATIONS
Next Article:HOLLY CORPORATION ANNOUNCES RESULTS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters