Peoples Bancorp in Ohio Raises $40M

Community banking

Central Federal in Ohio Raises $12 Million

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Bank of the Carolinas Raises $46 Million, Redeems Tarp Shares

Bank of the Carolinas in Mocksville, N.C., has raised $46 million through a private placement. The $428 million-asset company said that it sold about 458 million shares of newly issued common stock at 10 cents each to unnamed institutional and accredited investors.

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Peoples Bancorp in Marietta, Ohio, has raised $40 million through a private placement.

The $2.2 billion-asset bank sold approximately 1.8 million shares of common stock to institutional investors, it said in a press release Thursday.

The proceeds will help Peoples fund its pending acquisition of the $660 million-asset NB&T Financial in Wilmington, Ohio. The deal was announced Monday.

Raymond James & Associates served as the sole placement agent for the private placement, and Dinsmore & Shohl advised the bank.

Kristin Broughton

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