Reduce liability for losses on commercial accounts by adhering to four requirements.
Camco Financial Closes $10 Million Offering
Nov 12 - Camco Financial Corporation (Nasdaq:CAFI), bank holding company for Advantage Bank in Cambridge, Ohio, has announced the successful and fully subscribed closing of its previously announced $10 million rights and public offerings.
"Current stockholders responded very favorably to our recent rights offering. We are thrilled by the response from our existing stockholders in committing to purchase additional shares," said James E. Huston, Camco's chairman, president and CEO. "Our current stockholders, along with unsolicited commitments from directors and officers allowed us to fully subscribe this $10 million offering without the need to solicit shares externally in the public offering phase. We see this support as continued confidence of our stockholders and management that we are executing on our strategies to build the strength and profitability of our company," Huston concluded.
Camco Financial Corporation, holding company for Advantage Bank, is a multi-state bank holding company headquartered in Cambridge, Ohio. Advantage Bank and its affiliates offer community banking that includes commercial, business and consumer financial services and Internet banking from 22 offices. Additional information about Camco Financial may be found on the company's websites: www.camcofinancial.com or www.advantagebank.com.