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Pilot Bancshares discloses $7.5M equity raise

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Pilot Bancshares discloses $7.5M equity raise

Tampa, Fla.-based Pilot Bancshares Inc. disclosed a $7.5 million equity raise in a Sept. 22 Form D filed with the Securities and Exchange Commission.

According to the document, the total amount of the offering has already been sold, with the first sale having taken place Sept. 15. Overall, 17 investors participated in the offering, with no investment accepted by outside investors.

The capital will not be used in connection with a merger or acquisition. FIG Partners LLC was listed as a sales compensation recipient.

Pilot Bancshares is the parent company of Pilot Bank.