New Issue: First Sound settles $3.2 million tranche of $6 million stock placement

By Devika Patel

Knoxville, Tenn., July 8 - First Sound Bank said it raised just over $3.2 million initial tranche of a $6 million private placement of stock.

The company is selling common shares at $0.10 per share.

The state-chartered commercial bank is based in Seattle.

Issuer:	First Sound Bank
Issue:	Common stock
Amount:	$6 million
Price:	$0.10
Warrants:	No
Settlement date:	July 8 (for approximately $3.2 million)
Stock symbol:	OTCBB: FSWA
Stock price:	$0.20 at close July 7

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