Sandler O'Neill & Partners will serve as sole book-running manager for the offering and FBR Capital Markets & Company will serve as the co-manager.

Net proceeds to the company are expected to be used for general corporate purposes, which may include without limitation, providing capital to support the bank's growth, particularly to fund expanded mortgage banking operations and to take advantage of opportunities created by changes in the competitive environment in the company's market areas and by originating more multi-family real estate loans.

The proceeds will also strengthen the bank's regulatory capital ratios, said Provident Financial.

A service of YellowBrix, Inc.