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Syringa Bancorp extends common stock offering

The Syringa Bancorp board has extended its common stock offering to allow shareholders and investors time to participate.

Syringa CEO and President Jerry Aldape said due to the fact the offering was made at possibly the worst time of the year, it warranted an extension.

“We believe it is appropriate to extend the offering as we received notice that several shareholders would like to participate but were unable to due so because of a delay in receiving the subscription materials from their brokers,” Aldape said.

The offering was to end on Jan. 31, but the board’s vote extended it to Feb. 28.

Aldape said the offering has had strong reception with “management participation in the offering along with 100% board participation.”

Syringa Bancorp serves the Treasure Valley and Northern Idaho. It was organized in April 2005 as a holding company of Syringa Bank. Syringa Bank was formed in 1996 and has since expanded to six branch locations, and two mortgage offices, all within the state of Idaho.

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