Posted In Fund V,Uncategorized

Summit Financial Group, Inc. to Acquire WinFirst Financial Corp. and Subsidiary, WinFirst Bank

  • Posted 09/28/2020
  • Jennifer Lian
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Summit Enters Kentucky Market; 100% Cash Consideration September 28, 2020 16:30 ET | Source: Summit Financial Group, Inc.; WinFirst Financial Corp. MOOREFIELD, W.V. and WINCHESTER, Ky., Sept. 28, 2020 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) and WinFirst Financial Corp. (“WinFirst”) announced the signing of a definitive merger agreement between Summit Community Bank, Inc., a wholly-owned subsidiary of Summit, and CONTINUE READING >>

Summit Financial Group Announces Completion of $30.0 Million Issuance of Subordinated Debt

  • Posted 09/23/2020
  • Jennifer Lian
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Company Release – 09/23/2020 13:25 Summit Financial Group Announces Completion of $30.0 Million Issuance of Subordinated Debt MOOREFIELD, W. Va., Sept. 23, 2020 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today announced the completion of a private placement of $30 million of its 5.00% Fixed to Floating Rate Subordinated Notes due 2030 (the “Notes”) to certain qualified institutional buyers and accredited CONTINUE READING >>

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 >>