Posted In Fund V

Bridgewater Bancshares, Inc. Completes Private Placement of $50.0 Million of Subordinated Notes

  • Posted 06/19/2020
  • Jennifer Lian
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BLOOMINGTON, Minn.–(BUSINESS WIRE)–Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced the completion of a private placement of $50.0 million in aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the Notes). The Company intends to use the proceeds of the private placement for general corporate purposes, including supporting regulatory CONTINUE READING >>

BV Financial, Inc. To Acquire Delmarva Bancshares, Inc.

  • Posted 06/18/2020
  • Jennifer Lian
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EDGEMERE, MD and CAMBRIDGE, MD / ACCESSWIRE / June 18, 2020 / BV Financial, Inc. (OTC PINK:BVFL), the parent company of BayVanguard Bank, and Delmarva Bancshares, Inc. (OTCQX:DLMV), the parent company of 1880 Bank, announced today that they have entered into a definitive merger agreement whereby BV Financial has agreed to acquire Delmarva Bancshares and its wholly owned bank subsidiary, 1880 Bank, CONTINUE READING >>

Summit Community Bank Inc. Completes Its Acquisition of Four WV Eastern Panhandle Branch Banking Offices

  • Posted 04/24/2020
  • Jennifer Lian
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MOOREFIELD, W.Va., April 24, 2020 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today reported that its wholly-owned subsidiary, Summit Community Bank, Inc. has completed its previously announced acquisition of four branch banking offices of MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (NASDAQ: MVBF) located in the Eastern Panhandle of West Virginia. Three of the CONTINUE READING >>

Summit Financial Group, Inc. Completes Its Acquisition of Cornerstone Financial Services, Inc. and Subsidiary, Cornerstone Bank, Inc.

  • Posted 01/2/2020
  • Castle Creek
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MOOREFIELD, W.Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces completion, effective January 1, 2020, of the acquisition by its subsidiary Summit Community Bank, Inc. of Cornerstone Financial Services, Inc. and its subsidiary, Cornerstone Bank, Inc., headquartered in West Union, West Virginia. The former Cornerstone Bank, Inc. offices will continue to operate under that name until close of business on CONTINUE READING >>