Chicago-based bank Northern Trust (ntrs) said on Tuesday that it priced a 15 million share common stock offering at $50 a share, raising about $750 million. The company also said it launched a $500 million senior note offering. On Monday, the company had announced plans for the offerings, and said it, "intends to use the capital raised, plus additional resources, to redeem all the Preferred Stock and repurchase the Warrant issued and sold to the U.S. Treasury as part of the TARP Capital Purchase Program."
An update on March 5, 2009.
After reports that Rep. Barney Frank had said that Northern Trust (Nasdaq: NTRS) will give back their TARP funds. The shares of Northern Trust have bounced about 2% on the news. The stock most recently traded at $50.46.
Northern Trust Corporation (Nasdaq:NTRS) is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust is very customer service oriented.
Northern Trust is located in some on the nicest Investment Property across Florida. They have Northern Trust Bank at 440 Royal Palm Way in ritzy Palm Beach, Florida with the highly desired zip code of 33480.
Then a variation of Northern Trust is Northern Trust Value Investors, (NTVI). This Investment Property is located at 777 S. Flagler Drive. Northern Trust has an office on the 12th Floor, Phillips Point, West Tower, in beautiful West Palm Beach, Florida.
Another fine Investment Property location of Northern bank. Northern Trust Bank is at
11301 U.S. Highway 1, in the gorgeous town of North Palm Beach, Florida.
We at, NNN Commercial Real Estate, prefer to bank at Northern Trust as they are an extremely efficient Bank in any economic time.
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When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, and Commercial Loans at Loanrise.com.
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