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First Carolina Financial Services raising $11.6M in equity

Rocky Mount, N.C.-based First Carolina Financial Services Inc. is embarking on an $11.6 million equity offering, according to a Form D filed with the Securities and Exchange Commission.

One investor had participated in the offering as of the March 6 filing, with the first sale occurring Feb. 27. The company has sold $338,625 so far, according to the form.

The offering is not expected to last more than a year, and is not being made in connection with a merger, acquisition or exchange offer.