Posted In Fund V

Foundation Bancorp Announces Completion of $15 Million Private Placement of Convertible Preferred Equity

  • Posted 03/27/2015
  • Castle Creek
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BELLEVUE, Wash.–(GLOBE NEWSWIRE)–Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank (“Bank”), today announced that it had completed the sale of $15 million of the Company’s convertible preferred stock in a private placement. The shares of preferred stock are convertible into shares of the Company’s common stock at a price of $10.00 per share, subject to certain agreed upon CONTINUE READING >>

Summit Financial Group, Inc. Announces Completion of Second Closing With Castle Creek

  • Posted 03/17/2015
  • Castle Creek
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MOOREFIELD, W. Va.–(GLOBE NEWSWIRE)–As previously disclosed, on August 22, 2014, Summit Financial Group, Inc. (the “Company” or “Summit”) (Nasdaq:SMMF) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Castle Creek Capital Partners V, LP (“Castle Creek”). Pursuant to the Purchase Agreement, following the satisfaction or waiver of the conditions set forth in the Purchase Agreement, Castle Creek agreed to CONTINUE READING >>

Summit Financial Group, Inc. Announces Conversion of All Its Outstanding Preferred Shares Into Common Stock

  • Posted 03/2/2015
  • Castle Creek
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MOOREFIELD, W. Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (the “Company”) announces that it will be exercising its right to convert all of its outstanding shares of preferred stock into shares of its common stock (“Common Stock”) effective as of March 12, 2015. Pursuant to its articles of incorporation, as amended, and the applicable certificates of designations, the Company has the right CONTINUE READING >>

First Menasha Bancshares, Inc. Announces First Closing of Private Offering of Common Stock

  • Posted 01/20/2015
  • Castle Creek
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First Menasha Bancshares, Inc. (OTCQB: FMBJ) (the “Company” or “First Menasha”), the bank holding company for The First National Bank-Fox Valley, announced today that it has closed on the sale of approximately $16.3 million of the Company’s common stock in a private offering (the “Transaction”). Shares of First Menasha’s common stock were sold at a price of $68.65 per share. CONTINUE READING >>