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Prime Meridian Holding Co. (PMHG) Closes $18.0M Public Offering of Common Stock

Published May 15, 2017

Prime Meridian Holding Company (PMHG) completed its public offering of 1,090,908 common shares for net proceeds of approximately $16.9 million.


  • Prime Meridian Holding Company is a $316 million asset-size financial holding company headquartered in Tallahassee, Florida
  • Prime Meridian Bank, the company's subsidiary, operates 3 locations in the greater Tallahassee market area
  • The offering was oversubscribed and increased from the originally announced amount of $15.0 million to $18.0 million
  • The company intends to use the net proceeds from the offering for general corporate purposes, including maintaining liquidity and continuing to support the growth of the Bank

Hovde Group, LLC acted as Joint Placement Agent in the Offering.

Click the link above to download the full Transaction Alert.