Northern States Financial Corp. (NSFC) 0.5300 $NSFC
Northern States Financial Corporation Announces Capital Raise
Marketwire - Wed Apr 30, 5:30PM CDT
Northern States Financial Corporation (the "Company"
(OTCQB: NSFC), parent company for NorStates Bank, announced today that it has completed a recapitalization transaction, which resulted in the issuance of $25.0 million of the Company's common stock. The recapitalization was effected through a private placement of its common stock, primarily with institutional investors and with additional participation from certain directors, officers and existing shareholders. Scott Yelvington, President and CEO, stated, "We believe this capital raise ensures that an independent NorStates Bank remains the preeminent community bank in northern Lake County, Illinois. Additional capital at the bank enhances our ability to better serve the personal and business needs throughout our market." FIG Partners, LLC acted as sole placement agent for this offering.
Northern States Financial Corporation to Deregister Common Stock With the SEC
Marketwire - Mon Apr 01, 5:01PM CDT
Northern States Financial Corporation (OTCQB: NSFC) (the "Company" announced today that on March 28, 2013, the Company filed a Form 15 with the Securities and Exchange Commission (the "SEC" to deregister the Company's common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended. The Company is eligible to file Form 15 because its common stock is currently held of record by less than 1,200 persons. The Company expects the deregistration to become effective within 90 days of filing with the SEC. Upon the filing of the Form 15, the Company's obligation to file reports with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q and periodic reports on Form 8-K, is immediately suspended.
Northern States Financial Corporation Appoints P. David Kuhl to Board of Directors
Marketwire - Fri Dec 21, 3:01PM CST
Northern States Financial Corporation (OTCQB: NSFC), holding company for NorStates Bank, a FDIC-insured financial institution, today announced that P. David Kuhl has been appointed as a director of the Company to serve until the next annual meeting of stockholders. The addition of Mr. Kuhl to the Board of Directors of the Company increases the number of directors to ten members. Mr. Kuhl will also serve as a director of NorStates Bank.
Northern States Financial Corporation Announces Capital Raise
Marketwire - Wed Apr 30, 5:30PM CDT
Northern States Financial Corporation (the "Company"
(OTCQB: NSFC), parent company for NorStates Bank, announced today that it has completed a recapitalization transaction, which resulted in the issuance of $25.0 million of the Company's common stock. The recapitalization was effected through a private placement of its common stock, primarily with institutional investors and with additional participation from certain directors, officers and existing shareholders. Scott Yelvington, President and CEO, stated, "We believe this capital raise ensures that an independent NorStates Bank remains the preeminent community bank in northern Lake County, Illinois. Additional capital at the bank enhances our ability to better serve the personal and business needs throughout our market." FIG Partners, LLC acted as sole placement agent for this offering. Northern States Financial Corporation to Deregister Common Stock With the SEC
Marketwire - Mon Apr 01, 5:01PM CDT
Northern States Financial Corporation (OTCQB: NSFC) (the "Company"
announced today that on March 28, 2013, the Company filed a Form 15 with the Securities and Exchange Commission (the "SEC" to deregister the Company's common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended. The Company is eligible to file Form 15 because its common stock is currently held of record by less than 1,200 persons. The Company expects the deregistration to become effective within 90 days of filing with the SEC. Upon the filing of the Form 15, the Company's obligation to file reports with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q and periodic reports on Form 8-K, is immediately suspended. Northern States Financial Corporation Appoints P. David Kuhl to Board of Directors
Marketwire - Fri Dec 21, 3:01PM CST
Northern States Financial Corporation (OTCQB: NSFC), holding company for NorStates Bank, a FDIC-insured financial institution, today announced that P. David Kuhl has been appointed as a director of the Company to serve until the next annual meeting of stockholders. The addition of Mr. Kuhl to the Board of Directors of the Company increases the number of directors to ten members. Mr. Kuhl will also serve as a director of NorStates Bank.
