First Capital Bank

First Capital Bancshares Announces Completion of $15.1 Million Private Placement

Retrieved on: 
Monday, August 22, 2022

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.

Key Points: 
  • 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.

Burke & Herbert Bank Announces Richmond Expansion

Retrieved on: 
Monday, March 14, 2022

ALEXANDRIA, Va., March 14, 2022 /PRNewswire/ --Burke & Herbert Bank is pleased to announce that the Bank's commercial banking program and geographic reach now includes the greater Richmond, Virginia market.

Key Points: 
  • ALEXANDRIA, Va., March 14, 2022 /PRNewswire/ --Burke & Herbert Bank is pleased to announce that the Bank's commercial banking program and geographic reach now includes the greater Richmond, Virginia market.
  • Prior to joining Burke & Herbert Bank, he held various positions at First Capital Bank, SouthState Bank, and First Citizens Bank all in the Richmond market.
  • Burke & Herbert Bank is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, DC area.The Bank offers a full range of personal and business banking products and services designed to meet customers' banking, borrowing, and investing needs.
  • Burke & Herbert Bank is headquartered in Alexandria and operates more than 20 branches throughout northern Virginia and greater Fredericksburg.

First Capital Bank Announces Appointment of New Director

Retrieved on: 
Wednesday, January 5, 2022

CHARLESTON, S.C., Jan. 05, 2022 (GLOBE NEWSWIRE) -- First Capital Bank ("the Bank") announcedtoday that the Company's Board of Directors (the "Board") has appointed Joseph S. Kassim as a director of the Bank, effective Jan. 1, 2022.

Key Points: 
  • CHARLESTON, S.C., Jan. 05, 2022 (GLOBE NEWSWIRE) -- First Capital Bank ("the Bank") announcedtoday that the Company's Board of Directors (the "Board") has appointed Joseph S. Kassim as a director of the Bank, effective Jan. 1, 2022.
  • "Joe has helped build a cohesive team and has created a culture that is to be admired.
  • Joe Kassim joined The Bank in 2019 as President and Chief Operating Officer and has assisted the bank in growing to over $380 million in assets as of Dec. 31, 2021.Mr.
  • First Capital Bancshares, Inc. is a bank holding company headquartered in Charleston, South Carolina, with assets of approximately $387 million as of Dec. 31, 2021.Its principal activity is the ownership and operation of First Capital Bank, a state-chartered community bank that operates five branches and one loan production office in North Carolina and South Carolina.

First Capital Bank Converts to South Carolina State-Chartered Bank, Moves Headquarters to Charleston, South Carolina

Retrieved on: 
Wednesday, January 5, 2022

CHARLESTON, S.C., Jan. 05, 2022 (GLOBE NEWSWIRE) -- First Capital Bank ("the Bank") today announced that it has converted from a North Carolina state-chartered bank to a South Carolina state-chartered bank and relocated its headquarters to 304 Meeting Street, Charleston, South Carolina.

Key Points: 
  • CHARLESTON, S.C., Jan. 05, 2022 (GLOBE NEWSWIRE) -- First Capital Bank ("the Bank") today announced that it has converted from a North Carolina state-chartered bank to a South Carolina state-chartered bank and relocated its headquarters to 304 Meeting Street, Charleston, South Carolina.
  • "The majority of our growth and assets are in South Carolina, and the Charleston area specifically.
  • We believe converting to a South Carolina-chartered bank and moving the Bank's headquarters to Charleston will enable us to best serve our customers and shareholders," said First Capital Bank Chairman and CEO Harvey Glick.
  • The conversion to a South Carolina state-chartered bank and headquarters relocation will have no effect on the Bank's customers.

First Capital Bancshares, Inc. Announces Completion of $7 Million Subordinated Note Transaction

Retrieved on: 
Wednesday, September 22, 2021

The Note has a maturity date of September 2, 2031 and carries a fixed rate of interest of 4.15% for the first five years.

Key Points: 
  • The Note has a maturity date of September 2, 2031 and carries a fixed rate of interest of 4.15% for the first five years.
  • Thereafter, the Note will pay interest at three-month SOFR plus 367 basis points, resetting quarterly.
  • The Note has been structured to qualify as Tier 2 capital for regulatory purposes.
  • The Company plans to use the proceeds from the offering for general corporate purposes and to augment the capital of First Capital Bank.

Planters Holding Company Agrees to Acquire Germantown Capital Corporation, Inc.

Retrieved on: 
Wednesday, August 25, 2021

Indianola, Mississippi based Planters Holding Company, the holding company of Planters Bank & Trust Company, together Planters, and Germantown, Tennessee based Germantown Capital Corporation, Inc., the holding company of First Capital Bank, together First Capital, jointly announced today that they have entered into a definitive agreement whereby Planters will acquire First Capital.

Key Points: 
  • Indianola, Mississippi based Planters Holding Company, the holding company of Planters Bank & Trust Company, together Planters, and Germantown, Tennessee based Germantown Capital Corporation, Inc., the holding company of First Capital Bank, together First Capital, jointly announced today that they have entered into a definitive agreement whereby Planters will acquire First Capital.
  • First Capital Bank, a community bank headquartered in Germantown, Tennessee, had approximately $378 million in total assets as of June 30, 2021.
  • Janney Montgomery Scott LLC served as the financial advisor to Planters Holding Company and delivered a fairness opinion to the Planters Holding Company Board of Directors.
  • Germantown Capital Corporation, Inc. is a Tennessee corporation and the bank holding company for First Capital Bank, a Tennessee-chartered commercial bank based in Germantown, Tennessee.