Issue link: http://www.insightdigital.biz/i/504765
w w w . i n s i g h t o n b u s i n e s s . c o m M a y 2 0 15 • I NSIGH T | 29 I N S I G H T O N B A N K I N G B y M a r y B e t h M a t z e k W hen businesses launch initial public offerings (IPOs) or sell shares, it's usually to spark growth. Two Northeast Wisconsin banks will take that one step further by expanding their own assets to help other businesses grow. Earlier this year, Investors Community Bank in Manitowoc, a wholly owned subsidy of County Bancorp, closed on its IPO of 1.357 $17.2 million. Investors Community Bank CEO Tim Schneider says launching the IPO was done to help the 19-year-old bank grow. "We had grown a lot organically, but the IPO will allow us to make some acquisitions that will help us grow even more," he says. "We've done a lot of good business in the ag sector, but we want to do more commercial business and Raising capital Two area banks sell shares to boost profile, loan offerings million shares of common stock at $15.57 per share, raising about $21.4 million. Shares also began trading on the NASDAQ under the symbol ICBK in mid-January. Another regional bank — First National Bank-Fox Valley — sold shares recently through a private placement stock offering to raise capital. First Menasha Bancshares Inc. — FNB's Neenah-based holding company — raised approximately [continued ] »