McGregor Bancshares Closes $25 Million Private Placement

McGregor Bancshares Closes $25 Million Private Placement

  • Posted: 03/7/2019
  • Castle Creek

By Fatima Aitizaz

McGregor, Texas-based McGregor Bancshares Inc. closed a private placement of $25 million of its capital stock.

Certain affiliates of Castle Creek Capital LLC and EJF Capital LLC participated in the private placement, and the companies will become shareholders of McGregor Bancshares.

The private placement’s proceeds will go toward facilitating strategic initiatives, supporting organic growth and market expansion activities in Central Texas and beyond.

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