Pulaski Bank Raises $6.7 Million

Pulaski Bank headquarters in Creve Couer | Photo courtesy of Pulaski Bank
Pulaski Bank makes its headquarters in Creve Couer. | Courtesy of Pulaski Bank

Pulaski Financial Corp., the holding company for Pulaski Bank, completed a share exchange and a private placement of common stock, which will enable it to repurchase the remaining outstanding shares of its preferred stock for $6.7 million.

The transactions will also help Pulaski in its transition from a thrift charter to a national bank charter — a process which should be complete in late 2014. Pulaski Bank, with $1.3 billion in assets, has 13 branches in the St. Louis metropolitan area.

Read more from the St. Louis Business Journal


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