Ft Lauderdale, Florida 4/10/2010 5:00:00 AM
News / Business

Bofl Holding Inc (NASDAQ:BOFI) Completes Stock Offering

Bofl Holding, Inc. (NASDAQ:BOFI) has completed a common stock offering for a total of $15.94 million of the company’s common stock.  The offering was comprised of 1,226,276 shares of the company’s common stock at $13.00 per common share.  159,949 of the shares were purchased by B. Riley through the exercise of the over-allotment option.  B. Riley acted as the sole underwriter of the offer.  The firm’s chairman Bryant Riley and Managing Director Robert Campbell worked on the offering.  The net proceeds of the offering will be used for general corporate purposes.

 

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BofI Holding, Inc. is the holding company of Bank of Internet USA and trades on NASDAQ under the symbol BOFI. Bank of Internet USA is a consumer focused, FDIC insured, nationwide savings bank operating primarily over the Internet. It offers a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single-family mortgage loans. Bank of Internet USA offers products through its websites at http://www.bankofinternet.com/ andhttp://www.ApartmentBank.com/. Retail deposit products include certificates of deposit, online checking accounts with check images, bill payment, high interest savings accounts, ATM or Visa Check Cards, money market savings accounts, and ATM fee reimbursement anywhere in the world.

 

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