Posted In Fund VI

HCSB Financial Corporation Completes $45 Million Capital Raise and Recapitalization of Horry County State Bank

  • Posted 04/11/2016
  • Castle Creek
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LORIS, S.C.–(GLOBE NEWSWIRE)–HCSB Financial Corporation (the “Company”) (OTCPK:HCFB) announced today that it closed its previously announced private placement of 359,468,443 shares of its common stock at $0.10 per share and 905,315.57 shares of its Series A preferred stock at $10.00 per share to Castle Creek Capital Partners VI, L.P. and certain other institutional and accredited investors for gross proceeds of CONTINUE READING >>

HCSB Financial Corporation Announces $45 Million Capital Raise and Recapitalization of Horry County State Bank

  • Posted 03/3/2016
  • Castle Creek
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LORIS, S.C.–(GLOBE NEWSWIRE)–HCSB Financial Corporation (OTCPK:HCFB) (the “Company”) announced today that it has entered into a stock purchase agreement with Castle Creek Capital Partners VI, L.P. and certain other institutional and accredited investors, pursuant to which it expects to raise aggregate gross proceeds of $45 million through a private placement of shares of common stock at $0.10 per share and CONTINUE READING >>