News & Updates

The Hovde GroupHovde Group provides a variety of online publications and updates to our clients and investors on a regular basis. These include our Industry Updates, Transaction Alerts, and Monthly Overviews. To sign up to receive our publications via e-mail on a regular basis, please click here.

RSS Feed: feed://www.hovdegroup.com/rss/news-updates

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.