01 Oct, 2026

Parkway Bancorp closes $350M private placement, appoints new CEO

Parkway Bancorp Inc. closed a private placement of common stock generating nearly $350 million in gross proceeds.

The offering was co-led by investment funds managed by Patriot Financial Partners and Stone Point Capital. Parkway, the holding company for Parkway Bank and Trust Co., used most of the proceeds to complete ...[end of article preview]