Eagle Financial in Va. raises $50M through stock offering
Eagle Financial Services in Berryville, Va., raised $5o million from selling common stock.
The $1.8 billion-asset company completed a public offering on Feb. 6.
Eagle plans to use the net proceeds for general corporate purposes that could include continued growth, selling securities to reposition its balance sheet and supporting capital ratios.
Keefe, Bruyette & Woods was the bookrunner; D.A. Davidson was the lead manager.