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Carolina Financial plans to price $25 million public stock offering
Raymond James, Keefe, Bruyette & Woods, Sandler O’Neill help with deal
By Devika Patel
Knoxville, Tenn., Nov. 30 – Carolina Financial Corp. said it will price a $25 million public offering of its common stock with a 30-day, 15% greenshoe.
Raymond James & Associates, Inc. and Keefe, Bruyette & Woods, Inc. are the bookrunners. Sandler O’Neill + Partners, LP is the co-manager.
Proceeds will be used for growth and general corporate purposes, which may include contributing a portion of the proceeds to CresCom Bank as additional capital.
The bank holding company is based in Charleston, S.C.
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