(October 3, 2005) — BankBlackwell (in organization), the first-ever African-American Internet Bank, has extended the completion date for its public stock offering to February 23, 2006. BankBlackwell is offering up to 1,664,000 shares of its common stock at a public offering price of $10.00 per share. The Bank is offering its common shares directly to individuals and institutional investors.
BankBlackwell is pursuing a national grass-roots capital raising campaign that seeks to place Bank ownership in the hands of the community it serves. BankBlackwell is dedicated to creating wealth in the African-American community and is seeking investors who live in and support our community.
BankBlackwell intends to operate as a savings bank focused on offering selected financial services over the Internet to African-American individuals and churches and to all customers who seek value and convenience. BankBlackwell has received approval from the Office of Thrift Supervision to organize a federal savings bank and from the FDIC for federal deposit insurance.
www.bankblackwell.com.
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