Optima Bank offers 400k shares

April 25, 2012

NH Business Review Staff,

Portsmouth-based Optima Bank & Trust has received “significant interest” from investors in its recently launched stock offering of an additional 400,000 shares, according to CEO Daniel Morrison.
Morrison, who announced the offering at the annual shareholders’ meeting last week, is offering the shares at $16 apiece. The additional capital raised will be used to “fuel continued growth and expansion” of the bank, Morrison said.Morrison said Optima, which has had strong growth across the board in assets, income, loans, revenue and capital, has plans to open another branch in late 2012.The bank has grown significantly since its founding four years ago. In 2011, assets grew more than 23 percent, to $193.5 million, and income increased by 94 percent, to just over $1 million. – JEFF FEINGOLD/NEW HAMPSHIRE BUSINESS REVIEW

Categories: News

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