MAF BANCORP COMPLETES SUBORDINATED CAPITAL NOTE OFFERING
MAF BANCORP COMPLETES SUBORDINATED CAPITAL NOTE OFFERING CLARENDON HILLS, Ill., June 25 /PRNewswire/ -- MAF Bancorp, Inc.
(NASDAQ/NMS: MAFB), the parent holding company of Mid America Federal Savings Bank, announced today that it has completed the public offering of $20.9 million of 10 percent subordinated capital notes due 2002. Of the net proceeds, $15 million were used to increase the bank's regulatory capital level and for general corporate purposes. The capital notes were sold on a firm commitment basis through a syndicate of investment banking firms managed by the Chicago Corporation and Stifel, Nicolaus & Company, Incorporated.
MAF Bancorp, Inc., is the thrift holding company for Mid America Federal Savings Bank, a federally chartered stock savings bank. The bank operates a network of 13 banking offices in the western suburbs of Chicago. -0- 6/25/92 /CONTACT: Allen H. Koranda, chairman, or Jerry A. Weberling, chief financial officer of MAF Bancorp, 312-325-7300/ (MAFB) CO: MAF Bancorp, Inc. ST: Illinois IN: FIN SU: OFR
GK -- NY075 -- 3947 06/25/92 16:38 EDT
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|Date:||Jun 25, 1992|
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