FIG Partners Served As Sole Bookrunner In $18 Million Stock Offering For Prime Meridian Holding Company

FIG Has Now Completed 23 Equity Capital Raises
Totaling More Than $650 Million Since 2015

Prime Meridian Holding Company (OTCQX: PMHG), parent of Prime Meridian Bank, announced the closing of its public offering of 1,090,908 shares of the Company’s common stock at $16.50 per share.

The gross proceeds to the Company were approximately $18.0 million. The offering was increased from the originally announced amount of $15 million.

stock offeringFIG Partners served as sole bookrunner to Prime Meridian Holding Company. The FIG team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; Matthew Veneri, Managing Principal and Co-Head of Investment Banking; and Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets. 

The Company intends to use the net proceeds of the offering to fund general corporate purposes, and may also be used for branch or acquisition opportunities in the North Florida, South Georgia, and South Alabama markets.

“Our local decision-making and relationship-centered approach continues to drive the vibrant growth of the Bank in our community,” said Sammie D. Dixon, Jr., CEO and President of the Company. “The success of this capital raise will enable us to continue to grow and serve our community.”

More information is available here.

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