Resource Capital Corp. (NYSE:RSO), a commercial real estate finance company externally managed by a subsidiary of Resource America (NASDAQ:REXI), announced it priced an offering of 10 million common shares at 4 dollars and 50 cents. The proceeds of the offering are expected to be used to repurchase senior notes from certain of the company's CDOs at a discount to par value. FBR Capital Markets (FBCM) acted as sole book-running manager for the offering. Shares of Resource Capital were trading down more than 7 and three quarters percent.
And Banner Corporation (NASDAQ:BANR), parent of Banner Bank and Islanders Bank, announced an offering of 75 million dollars worth of common stock, with the proceeds expected to be used to provide capital to Banner Bank. Sandler O'Neill is acting as the sole book-running manager for the offering. Shares of Banner Corporation fell more than 9%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Take my right arm but don't take my ValueForum! 
Launch related slideshow
Friday 5/24 Insider Buying Report: PMT, VOCS
Thursday 5/23 Insider Buying Report: MDT, WD
Thursday 5/23 Insider Buying Report: SREV, CYCC
Daily Wrap: May 23, 2013
Ralph Lauren and Perry Ellis Disappoint
Daily Wrap: May 22, 2013
Analyst Moves: CRM, CRUS, MRVL
Analyst Moves: PHM, PG, GPS
Analyst Moves: P, WSM, WFT
Friday Sector Leaders: Education & Training Services, Metals & Mining Stocks
Friday Sector Laggards: Auto Parts, Music & Electronics Stores
Thursday Sector Leaders: Apparel Stores, General Contractors & Builders
Friday's ETF with Unusual Volume: KIE
Friday's ETF Movers: ICLN, LIT
SLV, CHIM: Big ETF Outflows
Daily Dividend Report: ANF, FLS, IPG, A, VNR
Daily Dividend Report: TUP, HD, PCP, CBS, CME
Daily Dividend Report: TMO, AAP, HAS, AINV, HPQ
Midday Report: May 24, 2013
Initial Jobless Claims Fall
Initial Jobless Claims Jump by 32k
Weekly Market Wrap: May 24, 2013
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013