Posted In Fund V

SouthCrest Bank Agrees to Strategic In Market Branch Acquisition

  • Posted 09/11/2020
  • Jennifer Lian
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Company Release – 09/11/2020 07:00 ATLANTA, Sept. 11, 2020 (GLOBE NEWSWIRE) — SouthCrest Financial Group (SCSG:PK), the holding company for SouthCrest Bank, N.A., announced an agreement to acquire the Thomaston branch of Colony Bank.  CEO Brian D. Schmitt stated “We are extremely excited to be adding to our position as the leading bank in Thomaston and Upson County.  We look forward to giving the same great service to our new customers that CONTINUE READING >>

Guaranty Federal Bancshares, Inc. Announces Completion of $20 Million Subordinated Notes Offering

  • Posted 07/30/2020
  • Castle Creek
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SPRINGFIELD, Mo.–(GLOBE NEWSWIRE)–Guaranty Federal Bancshares, Inc. (NASDAQ: GFED) (the “Company”), the parent company for Guaranty Bank, today announced the completion of its offering of $20 million in fixed-to-floating rate subordinated notes due 2030 (the “Notes”) to certain qualified institutional buyers and accredited investors in a private placement transaction. The Notes will initially bear interest at a fixed annual rate of CONTINUE READING >>

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
  • No comments

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 >>