Posted In Fund V

SouthCrest Financial Group Announces Closing on Sale of Two Alabama Branches to Guardian Credit Union

  • Posted 09/11/2017
  • Castle Creek
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ATLANTA, Ga.–(GLOBE NEWSWIRE)–Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (SCSG:PK), announced today that the company has completed the sale of its two branches in Alabama and all related deposits and assets to Guardian Credit Union, a respected Alabama consumer financial services cooperative. The sale, which closed Friday, Sept. 8, 2017, strengthens SouthCrest Financial Group’s strategic plan CONTINUE READING >>

Bridgewater Bancshares, Inc. Closes Private Placement of $25 Million Subordinated Notes

  • Posted 07/12/2017
  • Castle Creek
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Bloomington, MN–(Bridgewater Bank)–Bridgewater Bancshares, Inc. (the “Company”), parent company of Bridgewater Bank, announced today it has completed a $25 million private placement of subordinated notes due July 15, 2027. Bridgewater Bank, founded in 2005, has a solid history of proactively raising capital to support its successful, growth model. Bridgewater is among a handful of banks in the Midwest market to CONTINUE READING >>

Kroll Bond Rating Agency Assigns BBB Senior Unsecured Debt Rating to Bridgewater Bancshares, Inc.

  • Posted 06/23/2017
  • Castle Creek
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NEW YORK, NY–Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt rating of BBB, subordinated debt rating of BBB-, and short-term debt rating of K3 to Bridgewater Bancshares, Inc. (“Bridgewater”), a bank holding company headquartered in Bloomington, Minnesota. In addition, KBRA has assigned deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and CONTINUE READING >>

SouthCrest Financial Group and SouthCrest Bank Announce Opening of Offices in Midtown Atlanta

  • Posted 06/6/2017
  • Castle Creek
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ATLANTA, Ga.–(GLOBE NEWSWIRE)–Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (OTC:SCSG) announces the official opening and relocation of the bank’s headquarters and corporate offices to the prestigious Federal Home Loan Bank Building at 1475 Peachtree Street in Midtown Atlanta. The announcement marks a major highpoint in Schmitt’s strategy to build SouthCrest Bank into a leading commercial financial CONTINUE READING >>