GBank Financial Holdings in Las Vegas raised $20 million from a private placement.
The parent of the $1 billion-asset GBank sold common stock, with Raymond James and Janney Montgomery Scott serving as financial advisers.
“This additional capital positions us to execute on our strategic growth initiatives,” Edward Nigro, the company’s executive chairman, said in a press release. “We deeply appreciate the confidence our investors have placed in us and look forward to continuing the growth and performance they expect from GBank.”