The Bank Holdings, the Reno-based parent holding company of Nevada Security Bank, said it raised $3.39 million in capital as shareholders exercised warrants to buy additional shares.
Hal Giomi, the company's chairman and chief executive officer, said less than 0.75 percent of the 326,196 warrants that were issue weren't exercised by the June 30 deadline.
The warrants were issued in March 2004 as part of the company's secondary common stock offering. Shareholders received a warrant to buy one share at $11 (adjusted for a stock dividend paid by the company in January) for each five shares of common stock they purchased. The stock was selling at $18.67 a share last week.
