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CoastalSouth Bancshares, Inc. Closes $61.9M Private Offering

Published July 31, 2017

CoastalSouth Bancshares, Inc. closes $61.9 million common stock and convertible preferred stock offering.

 

  • CoastalSouth Bancshares, Inc., is a bank holding company headquartered in Hilton Head, SC and its wholly-owned banking subsidiary, CoastalStates Bank, opearates 4 branches in South Carolina
  • The company intends to use the net proceeds from the offering to redeem all of its outstanding TARP and for general corporate purposes, including pursuing strategic alternatives and the support of additional growth

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

Click the link above to download the full Transaction Alert.