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Stock impact report

First Bank Added to the Russell 3000® Index; Concludes At-the-Market Offering of Common Stock

First Bank (FRBA) 
Last first bank earnings: 4/27 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
HAMILTON, N.J., July 03, 2018 (GLOBE NEWSWIRE) -- First Bank (NASDAQ:FRBA) announced today that it has been added to the Russell 3000 Index as part of the 2018 reconstitution. First Bank’s addition to the Russell 3000, a broad-market and capitalization-weighted stock index was effective on June 25, 2018. First Bank also announced that it concluded its previously announced at-the-market offering of common stock.  During the offering, First Bank sold 74,206 shares at a price per share of $13.90, for aggregate gross proceeds of approximately $1.0 million (before deducting commissions and offering expenses). First Bank is a New Jersey state-chartered bank with 17 full-service branches in New Jersey and eastern Pennsylvania, and had $1.6 billion in assets as of May 31, 2018. “First Bank’s inclusion as a component of the Russell 3000 will increase our exposure to professional investors, as well as elevating awareness of the progress we’re making to significantly grow our franchise and b Show less Read more
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