Peoples Bancorp in Ohio Raises $40M

Community banking

Central Federal in Ohio Raises $12 Million

Central Federal in Worthington, Ohio, raised roughly $12 million from a private placement of preferred stock.

By Amilda Dymi

July 21
Community banking

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.

By Paul Davis

July 16

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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