JONESTOWN, Jul 16, 2018 (GLOBE NEWSWIRE via COMTEX) -- Jonestown Bank & Trust Co. JNES, -0.87% plans to augment the Bank's capital position through a common stock raise. The Bank authorized the issuance of up to 233,010 shares at $25.75 per share -- a total value of $6,000,0000. Because current JNES shareholders have preemptive rights, existing shareholders of record as of June 29, 2018, may purchase the number of shares necessary to maintain their ownership percentages prior to the offering to the community. The preemptive rights offering will expire on September 14, 2018. Any remaining shares will be offered in an open offering to the community from September 15, 2018, through November 30, 2018. Inquiries should be directed to the Shareholders Relations Department at investor@bankjbt.com or 717-865-4246.
Founded in 1873, the Bank currently has assets of $587 million and operates 14 locations across Lebanon and Lancaster Counties in Pennsylvania. Member FDIC.