- PR Newswire•10 months ago
CHARLOTTE, N.C., Nov. 30, 2015 /PRNewswire/ -- Premara Financial, Inc. (PARA), the holding company for Carolina Premier Bank, announced today that it successfully completed its private placement of the Company's common stock today, with a total of 1,214,285 shares of the Company's common stock sold at a purchase price of $7.00 per share for aggregate gross proceeds of $8,499,995 before expenses. The net proceeds of this raise will be used to retire $6.2 million of its preferred stock held by the U.S. Treasury under the Small Business Lending Fund ("SBLF") and to support additional balance sheet growth.
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Premara Financial, Inc. (PARA)
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