Third Coast Bancshares, Inc. Announces Private Placement of $69.4 Million of Convertible Preferred Stock
Third Coast Bancshares, Inc. (TCBX)
Company Research
Source: PR Newswire
HUMBLE, Texas, Sept. 8, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast" or the "Company"), the holding company for Third Coast Bank, SSB (the "Bank"), today announced that it has entered into an investment agreement with Castle Creek Capital Partners VIII, LP ("Castle Creek") and certain other accredited investors (collectively, the "Investors"), pursuant to which the Company expects to raise aggregate gross proceeds of $69.4 million through the issuance of non-cumulative convertible preferred stock. The Company expects to close the offering, subject to customary closing conditions, on September 22, 2022. A representative from Castle Creek will immediately join the Board of Directors of the Company and the Bank following the closing of the transaction."We are extremely pleased with the success of this transaction and appreciate the support that Castle Creek and the other accredited investors have shown for our team and business plan. We look forward to
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News
- Third Coast Bancshares, Inc. Reports 2024 First Quarter Financial ResultsPR Newswire
- Third Coast Bancshares, Inc. (TCBX) Expected to Beat Earnings Estimates: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Third Coast Bancshares, Inc. Announces 2024 First Quarter Earnings Release and Conference Call SchedulePR Newswire
- Third Coast Bancshares Insiders Added US$696.6k Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
- Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred StockPR Newswire
TCBX
Earnings
- 4/24/24 - Beat
TCBX
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- 4/24/24 - Form 8-K
- TCBX's page on the SEC website