CNB Bank Shares, Inc. announced that it expects to receive $30 million in funding from Castle Creek Capital LLC
CNB Bank Shares Inc. announced that it will receive $30,000,000 in an equity round of funding on January 17, 2018. The transaction will involve participation from Castle Creek Capital Partners VI LP, a fund managed by Castle Creek Capital LLC. Post the closing of the transaction, the investor will appoint a person to the board of directors of the company. The company will issue common shares in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.