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Marco Community Bancorp Inc. launched a private placement offering Thursday for its preferred stock and warrants to purchase its common stock.

To date, the company — the parent of Marco Community Bank on Marco Island — has accepted subscriptions totaling $1,005,000.

The following directors of the company are participating: Richard Storm Jr., Richard E. Storm, Joel Cox, John Cofer, John McGowan, Timothy Truesdell, Thomas Michesson, Anthony Iannotta, Robert Marks and Brooks Wood.

“I am very pleased with the strong support that these directors are showing for the company,” said Richard Storm Jr., company chairman, in a filing with the U.S. Securities and Exchange Commission.

The offering price per unit has been $7,500 and the company is offering 750 units for a total offering price of $5,625,000. Each unit includes one share of preferred stock, which is convertible into 2,000 shares of common stock, and one warrant to purchase 2,000 shares of common stock.

Dividends of $157.50 per share for the stock are payable semi-annually as long as the bank is considered “well capitalized.”