Previous MondayTuesdayWednesdayThursdayFridayNext

____ Friday December 11, 2015 ____

Share

____________________
Shares

Libro Credit Union Receives Overwhelming Response to Prosperity Shares Offering

London – Libro Credit Union announced it received an incredible response to its recent Libro Prosperity Shares offering, which will further support the credit union’s growth and help Libro carry out its vision of growing prosperity in southwestern Ontario by transforming banking. Libro planned a limited issue of up to $75 million in Libro Prosperity Shares. Once becoming available, the shares sold out in just two weeks.

“We are thrilled at how quickly Libro Owners embraced this special opportunity to make a local investment in the communities of southwestern Ontario,” said Rick Hoevenaars, Libro Credit Union Executive Vice President Finance and Chief Financial Officer. “This demonstrates the passion and belief they have in the future of Libro and it speaks to the confidence Owners have in our strategy and vision to grow regional prosperity for the people, farms, enterprises and community organizations of the region.”

The Libro Prosperity Shares strengthen the credit union’s capital and present an opportunity for Owners to grow individual personal prosperity and inspire financial happiness and well-being.

“We’ve experienced tremendous momentum over the last few years, and the Libro Prosperity Shares show our strategy is working and it’s resonating with the communities we serve,” Hoevenaars said. “As Libro grows, so does the required level of capital we must maintain. Already properly capitalized, this offering will enable Libro to remain a rock solid financial institution even as we continue to grow.”

The Exchange Morning Post is a free business news service. Consider making a voluntary payment, to help us make this business and market news service better. Thanks in advance, your contribution is appreciated.
Content published on this site represents the opinion of the individual/organization and/or source provider of the Content. ExchangeMagazine.com is non-partisan, online journal. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2015. Additional editorials, comments and releases are copyright of respective source(s) and/or institutions or organizations.


Exchange Magazine for Business
Subscription options:

Exchange Magazine Paper Version
Exchange Magazine - Digital version


_____________________


_____________________


_____________________


 

Subscription Options