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TCBX - Third Coast Bancshares announces private placement of $69.4M
Third Coast Bancshares Inc.
Third Coast Bancshares ( NASDAQ: TCBX ) said it had entered into an investment agreement with Castle Creek Capital Partners and certain other accredited investors, under which the company expects to raise aggregate gross proceeds of $69.4M through the issuance of non-cumulative convertible preferred stock.
The Company expects to close the offering on September 22.
A representative from Castle Creek will immediately join the Board of Directors of the Company and the Bank following the closing of the transaction.