GBank Financial Holdings Inc. Announces Restructuring of Transaction with BankCard Services, LLC

May 28, 2024

LAS VEGAS, May 28, 2024 /PRNewswire/ — GBank Financial Holdings Inc. (the “Company”) (OTCQX: GBFH), the parent company for GBank (the “Bank”), and BankCard Services, LLC (“BCS”) today announced that they are restructuring their proposed transaction, as previously announced on December 14, 2023. The parties anticipate that the Company will make a nonvoting equity investment in BCS equal to approximately 32.99% of BCS’s equity in exchange for approximately 231,509 shares of non-voting common stock of the Company.

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