trending Market Intelligence /marketintelligence/en/news-insights/trending/cDAjtbtN5XGTdK-C360jdg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

First Bancshares of Texas closes $45M private placement

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


First Bancshares of Texas closes $45M private placement

Midland, Texas-based First Bancshares of Texas Inc. closed a $45 million private placement of common stock.

The offering was oversubscribed; participants included affiliates of Castle Creek Capital LLC, Patriot Financial Partners LP and EJF Capital LLC.

First Bancshares CEO Kenneth Burgess Jr. said the capital raise "significantly" strengthened both the company's balance sheet and its board.

Piper Jaffray & Co. served as sole placement agent; Alston & Bird LLP was legal counsel.