DALLAS, TEXAS : StockGuru announces that First Sound Bank (OTCBB: FSWA) is in the StockGuru Spotlight. First Sound Bank is a state-chartered commercial bank founded by a team of local business executives and headquartered in Seattle, Washington. The bank serves the Puget Sound Region from its full-service branch in downtown Seattle. In March 2008, First Sound Bank purchased Puget Sound Leasing, a locally owned company that specializes in providing and servicing commercial equipment lease financing for transactions from $5,000 to $250,000.
On Thursday, the compay put out news announcing that by June 30, 2010 it had raised, through a private placement, just over $3.2 million of capital at a price of $0.10 per share. The maximum offering of $6.0 million has been extended to July 30, 2010 or to an earlier date at the bank’s sole discretion. The common stock is being sold by the bank’s officers and directors to accredited investors only. The foregoing description of the private offering is qualified in its entirety by reference to First Sound Bank’s Notice to Shareholders dated July 6, 2010, a copy of which is included at the end of this news release.
Shares for First Sound Bank (OTCBB: FSWA) were steady during the day of trading on Thursday and closed with no change at closing.
To view our StockGuru Spotlight on First Sound Bank (OTCBB: FSWA), please visit:
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