FineMark Holdings, Inc. announced that it expects to receive $30 million in funding
March 26, 2024
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FineMark Holdings, Inc announced a private placement of 7.25% non-cumulative perpetual convertible preferred equity for gross proceeds of $30,000,000 on March 27, 2024. The company will issue securities pursuant to exemption provided under Regulation D. The round will include participation from existing investors. The preferred shares which bears an annual dividend rate of 7.25% and is convertible to common stock at $27.50 per share after 63 months.
FineMark Holdings, Inc. is the holding company of FineMark National Bank & Trust (the Bank), which is a chartered bank and trust company. It offers a range of financial services, including personal and business banking, lending services and asset management and trust services through its banking offices located in Lee, Collier and Palm Beach County, Florida, Maricopa County, Arizona, and Berkeley County, South Carolina. It also has a trust department which offers investment management, trust administration, estate planning and financial planning services. Its personal banking services include certificates of deposits, checking accounts, saving accounts, money market accounts, health savings accounts, and individual retirement accounts. Its business lending services include mixed-use building, multifamily residential, business working capital, equipment purchase and lines of credit and letters of credit. Its financial planning services include asset protection and educational planning.
FINEMARK HOLDINGS, INC. 
