First Capital Bancshares Announces Completion of $15.1 Million Private Placement
CHARLESTON, S.C., Aug. 22, 2022 /PRNewswire/ -- First Capital Bancshares, Inc. ("First Capital"), parent company of First Capital Bank (the "Bank"), announced today the completion of a private placement of shares of its common and non-voting preferred stock to accredited individual and institutional investors.
- CHARLESTON, S.C., Aug. 22, 2022 /PRNewswire/ -- First Capital Bancshares, Inc. ("First Capital"), parent company of First Capital Bank (the "Bank"), announced today the completion of a private placement of shares of its common and non-voting preferred stock to accredited individual and institutional investors.
- Due to the high level of interest in the offering, the First Capital Bancshares board of directors elected to modify the original offering from $10 Million to $15.1 Million.
- The private placement resulted in gross proceeds to the company of $15.1 million before deducting expenses.
- First Capital intends to use the proceeds from the private placement to support growth of the franchise in its South Carolina and North Carolina markets and for general corporate purposes.