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Centric Financial closes private placement of common stock

Harrisburg, Pa.-based Centric Financial Corp., the holding company for Centric Bank, closed a private placement of common stock totaling approximately $21 million.

Centric Financial issued 2,275,000 shares of common stock at $9.25 per share. The shares were offered on a best-efforts basis through Keefe Bruyette & Woods as placement agent.

Charles Ferry of Stevens & Lee represented Centric in the offering. Luse Gorman PC served as legal counsel for KBW.