New bank plans Oct. opening

| 28 Sep 2011 | 02:58

    VERNON - Highlands State Bank has announced today that the new company’s offering of capital has been oversubscribed. Highlands offered a maximum of $10 million represented by 1,000,000 units consisting of one share and one warrant to purchase additional shares within two years. George E. Irwin, president and CEO of the new bank, said he expects the bank to open in the latter part of October.