Guam – The Bank of Guam is going public. This means it will begin offering common stocks.
According to a release from BankGuam Holding Company or the parent company to the Bank of Guam, they are going public on the stock market in order to raise up to $20 million in capital to support future growth.
The company’s common stock will start being sold at $12.25 a share with a minimum investment of $50,000.
Bank of Guam Board Chair, President and Chief Executive Officer Lou Leon Guerrero stated, “The additional capital will increase our capital levels expanding our capacity to grow the institution.”
The BankGuam Holding Company is a Guam corporation organized in 2011. The Bank of Guam is a Guam chartered bank that was incorporated back in March of 1972.
It has 23 full-service branch offices including two in Saipan, one in Tinian, Rota, Palau, Yap, Chuuk, Pohnpei, Kosrae the Marshall Islands and San Francisco.
Investor presentations will be held on Guam at the Hilton Resort and Spa on October 12 and 17.