The Bank Slate


Alabama, Virginia banks complete private placements

Banks in Alabama and Virginia have raised capital through private placements.

First Southern Bancshares in Florence, Ala., brought in $7 million through a May 22 private placement, according to data compiled by Performance Trust Capital Partners. First Southern Bank has $554 million of assets.

ODNB Financial in Tysons Corner, Va., raised $1 million on May 30. ODNB is the parent of the $1.1 billion-asset Old Dominion National Bank.

The report did not disclose any investors or the pricing of the private placements.

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