FIG Has Now Raised More Than $4.4 Billion In Equity Capital In 134 Offerings
ATLANTA, Aug. 27, 2018 — MainStreet Bancshares, Inc. (OTCQX: MNSB), the holding company for MainStreet Bank, has announced the completion of an oversubscribed private placement of $45 million on August 24, 2018.
The private placement was oversubscribed by 60% from the original $40 million offering, and the amount of the final offering was increased to $45 million. A total of 2,368,421 shares were sold to accredited investors.
Jeff W. Dick, Chairman and CEO of MainStreet Bancshares, Inc. and MainStreet Bank, said: “We are excited to welcome new investors, and also to thank some of our existing investors for deepening their positions with MainStreet. We are confident that the rate of capital deployment will continue to meet our investor expectations. Our main focus is on managing and maintaining quality growth while enhancing our overall performance metrics.”
Chris Brockett, President of MainStreet Bancshares, Inc. and MainStreet Bank, said: “MainStreet has a strong track record of growth – especially over the past eight quarters. We are expanding our Business Banking team and are focused on building new relationships and deepening existing relationships in the communities we serve. We also continue to benefit from all of the banking consolidation and disruption we’ve seen in our market.”