Civista Bancshares Inc. Announces $70 Million Public Offering of Common Shares

Reuters
07-11
<a href="https://laohu8.com/S/CIVBP">Civista Bancshares</a> Inc. Announces $70 Million Public Offering of Common Shares

Civista Bancshares, Inc., the parent company of Civista Bank, has announced the pricing of a public offering of 3,294,120 common shares at $21.25 per share, amounting to an aggregate offering of $70 million. The company has also provided underwriters a 30-day option to purchase an additional 494,118 common shares, potentially increasing total proceeds to approximately $80.5 million before discounts and expenses. The net proceeds from this offering are intended for general corporate purposes, including supporting organic growth and future strategic transactions. Piper Sandler & Co. is acting as the sole book-running manager, with additional support from several co-managers. The transaction is expected to close soon, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Civista Bancshares Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL28457) on July 11, 2025, and is solely responsible for the information contained therein.

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