Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Invesco Private Capital Reveals Its Stake in Newly Public Company Talmer Bancorp Inc (TLMR)

Wilbur Ross’ Invesco Private Capital, revealed in a filing with the Securities and Exchange Commission that it owns a total of 14.04 million class A common stock of Talmer Bancorp Inc (NASDAQ:TLMR). In addition, Invesco Private holds warrants to purchase additional 2.53 million class A shares of Talmer Bancorp. Mr. Wilbur Ross, Jr is the director of Talmer Bancorp Inc (NASDAQ:TLMR), and held 16.57 million shares of the company before the company went public.

Talmer Bancorp

Talmer Bancorp Inc (NASDAQ:TLMR) a bank holding company, which went public today. It operates through three subsidiaries: Talmer Bank and Trust, Talmer West Bank and First Place Bank. Talmer Bancorp Inc priced its initial public offering of 15.56 million shares of Class A common stock at $13.00 per share. Of the total 15.56 million shares, Talmer sold 3.70 million shares and the remaining 11.85 million shares were sold by certain selling shareholders.

Aside from Invesco, David Einhorn‘s Greenlight Capital is also a significant shareholder in Talmer Bancorp. Greenlight held 3.35 million class A shares before the IPO.

Last month, Invesco Private Capital raised its stake in EXCO Resources Inc (NYSE:XCO) to 51.11 million shares, through purchasing 17.72 million common shares at a price of $5.00 per share.

At the end of the third quarter of 2013, in the equity portfolio of Invesco Private Capital, Assured Guaranty Ltd. (NYSE:AGO) represents the largest position with 14.84 million shares and a value of $278.30 million. BankUnited (NYSE:BKU) is the second big position that corresponds to 27.1% of Wilbur’s portfolio. The position represents 8.19 million shares of BankUnited with a dollar value of $255.44 million. Invesco Private Capital had 79.16% of its equity portfolio invested in the above three companies.

Sun Bancorp, Inc. /NJ (NASDAQ:SNBC), stood on the fourth spot after EXCO, of which the fund held 31.50 million shares, with a reported value of $212.34 million.

Disclosure: none

Recommended Reading:

David Iben’s Kopernik Global Loves These Stocks: Cameco Corporation (USA) (CCJ), Barrick Gold Corporation (USA) (ABX) & More

Emerging Sovereign Top Picks: Anheuser Busch Inbev SA (ADR) (BUD), Vipshop Holdings Ltd. – ADR (VIPS) & Others

Murray Stahl’s Horizon Asset Management Ups Stake in Dreamworks Animation Skg Inc. (DWA)

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!