FIG Partners Served As Sole Placement Agent In $12 Million Private Stock Offering For GrandSouth Bancorporation

FIG Has Now Completed 11 Equity Capital Raises Totaling More Than
$260 Million In Equity Capital Raised And Advised On 21 M&A Transactions
Totaling More Than $1.6 Billion In Transaction Value In The Past 12 Months

ATLANTA, Feb. 9, 2016 —  GrandSouth Bancorporation (OTCQB: GRRB) has announced the completion of a $12 million private stock offering.

FIG Served As Sole Placement Agent In $12 Million Private Stock Offering For GrandSouth Bancorporation“We are pleased to announce the completion of a capital raise that will support our continued growth. There was a great deal of interest in both the local and institutional investor markets in our company and the prospects for profitable growth in the Upstate region of South Carolina. We believe that we have a great opportunity for growth ahead of us,” said GrandSouth Bancorporation’s Chairman and CEO Mason Y. Garrett.

FIG Partners served as Sole Placement Agent to GrandSouth Bancorporation. The FIG Partners team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking, Eric Lawless, Principal, and Matthew Veneri, Managing Principal and Co-Head of Investment Banking.

More information is available here.

To learn more about FIG Partners, please visit www.figpartners.com.