The Bank Slate


PB Financial in NC raises $12 million via private placement

PB Financial in Rocky Mount, N.C., has raised more capital.

The $982 million-asset company sold $11.8 million of common stock to investors via a private placement, according to data compiled by Performance Trust Capital Partners.

The data did not detail how many shares were sold or the pricing.

PB Financial raised $7.4 million in August. It then agreed to buy Coastal Bank & Trust in Jacksonville, N.C., for $25.8 million in cash and stock.

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