Deals and Moves Sept. 28

Jessica Perry//September 28, 2012

Pharma public offering, lending branch sale, insurance merger.

Biopharmaceutical developer Insmed Inc., in the Monmouth Junction section of South Brunswick, today announced it has priced a direct public offering of approximately 6.3 million shares of its stock with gross proceeds of $25.7 million.

Regional lender Grand Bank N.A., in Hamilton, today announced it has signed an agreement to sell its residential lending subsidiary to Rushmore Loan Management Services, in Irvine, Calif. Terms were not disclosed.

Insurance firm Borden Perlman, in the Lawrenceville section of Lawrence, announced Thursday it has merged with the firm of Sean Kelly and W. Burton Salisbury to form Borden Perlman Salisbury & Kelly and expand its client base and service offerings.