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Civista Bancshares, Inc. Announces Pricing of Offering of Common Shares

CIVISTA BANCSHARES (CIVB)  More Company Research Source: PR Newswire
US:NASDAQ Investor Relations: civb.com
PDF SANDUSKY, Ohio, Feb. 21, 2017 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") the parent of Civista Bank, announced today the pricing of an underwritten public offering of 1,400,000 of the Civista's common shares at a price to the public of $21.75 per share, for gross proceeds of approximately $30.5 million.  The net proceeds to Civista after deducting underwriting discounts and commissions and other offering expenses are expected to be approximately $28.5 million.  Civista has granted the underwriters a 30-day option to purchase up to an additional 210,000 Civista common shares at the same price and on the same terms and conditions.  Keefe, Bruyette & Woods, A Stifel Company, and Sandler O'Neill + Partners, L.P. acted as joint bookrunning managers, and Boenning & Scattergood, Inc. and Hovde Group, LLC acted as co-managers. Civista expects to close the transaction, subject to customary conditions, on or about February 24, 2017.  This press re [Read more]

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