Oak View Bankshares, Inc. Announces Completion of Common Stock Offering
Oak View Bankshares (OTC PINK:OAKV) has successfully completed a private placement of 558,227 shares of common stock at $14.00 per share. The offering generated approximately $7.8 million in gross proceeds, which the company plans to utilize for general corporate purposes.
The transaction was facilitated by Performance Trust Capital Partners, as the exclusive financial advisor, with Williams Mullen serving as legal counsel to Oak View Bankshares.
Oak View Bankshares (OTC PINK:OAKV) ha completato con successo un collocamento privato di 558.227 azioni di azioni ordinarie a 14,00 $ per azione. L'offerta ha generato circa 7,8 milioni di dollari di proventi lordi, che la società intende utilizzare per scopi aziendali generali.
La transazione è stata facilitata da Performance Trust Capital Partners, in qualità di consulente finanziario esclusivo, con Williams Mullen che ha fornito assistenza legale a Oak View Bankshares.
Oak View Bankshares (OTC PINK:OAKV) ha completado con éxito una colocación privada de 558,227 acciones de acciones comunes a $14.00 por acción. La oferta generó aproximadamente $7.8 millones en ingresos brutos, que la empresa planea utilizar para fines corporativos generales.
La transacción fue facilitada por Performance Trust Capital Partners, como asesor financiero exclusivo, con Williams Mullen actuando como asesor legal de Oak View Bankshares.
오크 뷰 뱅크쉐어스 (OTC PINK:OAKV)는 558,227주의 보통주를 주당 14.00달러에 성공적으로 사모 배정했습니다. 이번 공모는 약 780만 달러의 총 수익을 창출했으며, 회사는 이를 일반 기업 목적으로 사용할 계획입니다.
이번 거래는 Performance Trust Capital Partners가 독점 재무 자문으로서 지원하였으며, Williams Mullen이 오크 뷰 뱅크쉐어스의 법률 자문을 맡았습니다.
Oak View Bankshares (OTC PINK:OAKV) a réussi à réaliser un placement privé de 558,227 actions ordinaires au prix de 14,00 $ par action. L'offre a généré environ 7,8 millions de dollars de produits bruts, que la société prévoit d'utiliser à des fins corporatives générales.
La transaction a été facilitée par Performance Trust Capital Partners en tant que conseiller financier exclusif, avec Williams Mullen servant de conseiller juridique à Oak View Bankshares.
Oak View Bankshares (OTC PINK:OAKV) hat erfolgreich eine Privatplatzierung von 558.227 Aktien zum Preis von 14,00 $ pro Aktie abgeschlossen. Das Angebot generierte etwa 7,8 Millionen Dollar an Bruttoerlösen, die das Unternehmen für allgemeine Unternehmenszwecke verwenden möchte.
Die Transaktion wurde von Performance Trust Capital Partners als exklusivem Finanzberater unterstützt, während Williams Mullen als rechtlicher Berater von Oak View Bankshares fungierte.
- Successfully raised $7.8 million in gross proceeds through private placement
- Strong share price of $14.00 per share in the offering
- Potential dilution for existing shareholders due to issuance of 558,227 new shares
WARRENTON, VA / ACCESS Newswire / April 2, 2025 / Oak View Bankshares, Inc. (the "Company") (OTC PINK:OAKV), parent company of Oak View National Bank (the "Bank"), announced today that the Company has completed a private placement of 558,227 shares of common stock at a price of
Michael Ewing, CEO and Chairman of the Board, stated, "We are pleased to announce the successful completion of the private placement. This offering positions us for future growth opportunities that we believe will further enhance shareholder value."
Performance Trust Capital Partners, LLC served as the Company's exclusive financial advisor for the Offering. Williams Mullen served as legal counsel to the Company.
About Oak View Bankshares, Inc. and Oak View National Bank
Oak View Bankshares, Inc. is the parent bank holding company for Oak View National Bank, a locally owned and managed community bank serving Fauquier, Culpeper, Rappahannock, and surrounding Counties. For more information about Oak View Bankshares, Inc. and Oak View National Bank, please visit our website at www.oakviewbank.com. Member FDIC.
For additional information, contact Tammy Frazier, Executive Vice President & Chief Financial Officer, Oak View Bankshares, Inc., at 540-359-7155.
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release about expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "would," "predict," "potential," "believe," "likely," "expect," "anticipate," "seek," "estimate," "intend," "plan," "project" and similar expressions. Accordingly, these statements involve estimates, assumptions, and uncertainties, and actual results may differ materially from those expressed in such statements. The following factors could cause the Company's actual results to differ materially from those projected in the forward-looking statements made in this document: changes in assumptions underlying the establishment of allowances for credit losses, and other estimates; the risks of changes in interest rates on levels, composition and costs of deposits, loan demand, and the values and liquidity of loan collateral, securities, and interest sensitive assets and liabilities; the effects of future economic, business and market conditions; legislative and regulatory changes, including changes in banking, securities, and tax laws and regulations and their application by our regulators; the Company's ability to maintain adequate liquidity by retaining deposit customers and secondary funding sources, especially if the Company's or banking industry's reputation becomes damaged; computer systems and infrastructure may be vulnerable to attacks by hackers or breached due to employee error, malfeasance, or other disruptions despite security measures implemented by the Company; risks inherent in making loans, such as repayment risks and fluctuating collateral values; governmental monetary and fiscal policies; changes in accounting policies, rules and practices; competition with other banks and financial institutions, and companies outside of the banking industry, including companies that have substantially greater access to capital and other resources; demand, development and acceptance of new products and services; problems with technology utilized by the Company; changing trends in customer profiles and behavior; success of acquisitions and operating initiatives, changes in business strategy or development of plans, and management of growth; reliance on senior management, including the ability to attract and retain key personnel; and inadequate design or circumvention of disclosure controls and procedures or internal controls. These factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements made by the Company, and you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict which will arise. In addition, the Company cannot assess the impact of each factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
SOURCE: Oak View Bankshares, Inc.
View the original press release on ACCESS Newswire
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