Banks in Georgia and North Carolina recently raised capital through private placements of common stock.
Signature Bank of Georgia in Sandy Springs raised $7 million on Aug. 15. The $197 million-asset bank said the proceeds will be used to support ongoing operations and growth initiatives.
“During the raise, it was great to hear the confidence our new shareholder hold regarding the direction of the bank, its people, and the need for community banking in our market,” Charlie Brown, who became CEO last fall, said in a press release. “
Separately, PB Financial in Rocky Mount, N.C., raised $7.4 million on Aug. 17, according to data compiled by Performance Trust Capital Partners. The data did not disclose the pricing, the number of shares sold or the investors.
PB Financial has $879 million of assets.