Liberty Bell Bank Announces Stock Offering
Marlton, NJ – (Business Wire) – Liberty Bell Bank (OTCBB:LBBB) has announced that it has initiated a stock offering to the public. The community bank headquartered in Marlton, New Jersey with offices in Cherry Hill, Moorestown and Mount Laurel, New Jersey is offering up to 1.4 million shares of common stock at $3.30 per share. The bank intends to use the net proceeds from the offering to support future growth and lending by allowing the bank to continue to satisfy its regulatory capital requirements as it grows. Liberty Bell Bank is “well capitalized” by all regulatory capital measures. The bank may also use a portion of the net proceeds to fund all or a portion of the costs involved in the acquisition of another financial institution or a financial services business such as a wealth management business, an insurance agency, an equipment leasing business or a residential mortgage loan origination business. The bank has no present agreements or understandings to acquire any financial institutions or financial services businesses; however the bank is presently in discussion with one such business and from time to time is approached with other opportunities in these areas. The bank believes there is potential to substantially increase its non-interest income, as well as to obtain cross referral opportunities, through owing such financial services businesses.
This announcement does not constitute an offer to sell securities or a solicitation of an offer to purchase securities. The offer and sale of securities of the bank will only be done by means of an Offering Circular and a subscription agreement, copies of which can be obtained from the bank by contacting Kevin Kutcher, President/CEO at 145 North Maple Avenue, Marlton NJ 08053 or via email at KKutcher@libertybellbank.com or by phone at 856/830-1122. Mr. Kutcher is also available via email or by phone to speak directly with prospective investors.
ABOUT LIBERTY BELL BANK
Liberty Bell Bank, a New Jersey state-chartered community bank, commenced operations in August 2003. The bank emphasizes customer and community service, responsive local decision making, convenient access to senior management, experienced dedicated employees who can think creatively and up to date technology for household and business banking. The bank provides not only highly personalized deposit and loan services to individuals and small to medium sized businesses but also financial and volunteer support to a variety of community, business and charitable organizations.
Liberty Bell Bank
Kevin L. Kutcher, President & CEO direct 856/830-1122