White River Bancshares Co. Announces Completion of $12.46 Million Private Placement of Common Shares
FAYETTEVILLE, Ark., May 01, 2024 (GLOBE NEWSWIRE) — White River Bancshares Company (OTCQX: WRIV) (the “Company”), the holding company for Signature Bank of Arkansas (the “Bank”), today announced that it has completed a private placement of $12.46 million of the Company’s common shares to certain accredited investors. The Company issued 226,619 shares of common stock at a purchase price of $55.00 per share in connection with the private placement transaction. The Company expects to use the proceeds from the capital raise to support organic and strategic growth opportunities.
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