Gold Coast Bank (Islandia, NY) announced that it expects to receive $15 million in funding.
On March 15, 2013, the company announced that it will issue up to 1,500,000 shares at $10 per share for gross proceeds of $15,000,000. The company commenced the transaction.
As of August 6, 2013, the company has issued 604,000 shares for gross proceeds of $6,040,000. The transaction is expected to close by December 31, 2013.