CAMBRIDGE, Ohio, Nov. 8, 2012 (GLOBE NEWSWIRE) -- Camco Financial Corporation (Nasdaq:CAFI), bank holding company for Advantage Bank, today announced the successful and fully subscribed closing of their previously announced $10.0 million rights and public offerings.
"Current stockholders responded very favorably to our recent rights offering. We are thrilled by the response from our existing stockholders in committing to purchase additional shares," commented James E. Huston, Camco's Chairman, CEO and President. "Our current stockholders, along with unsolicited commitments from Directors and Officers allowed us to fully subscribe this $10.0 million offering without the need to solicit shares externally in the public offering phase. We see this support as continued confidence of our stockholders and management that we are executing on our strategies to build the strength and profitability of our company," Huston concluded.
Camco Financial Corporation, holding company for Advantage Bank, is a multi-state bank holding company headquartered in Cambridge, Ohio. Advantage Bank and its affiliates offer community banking that includes commercial, business and consumer financial services and internet banking from 22 offices. Additional information about Camco Financial may be found on the Company's web sites: www.camcofinancial.com or www.advantagebank.com.
The Camco Financial Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4639
CONTACT: James E. Huston, CEO John E. Kirksey, CFO Phone: 740-435-2020
Source:Camco Financial Corporation