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Harrell Bancshares raises $3.1M in equity

Camden, Ark.-based Harrell Bancshares Inc. has raised $3.1 million in equity, according to a May 9 Form D filing.

Thirty investors invested in the offering, with the first sale occurring April 30. The offering was not made in connection with a merger, acquisition or exchange offer.

The minimum investment accepted from any outside investor was $75,000.