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Rocky Mount, N.C.-based Providence Bank raises over $11M from rights offering

Rocky Mount, N.C.-based Providence Bank has raised more than $11 million from a subscription rights offering as of Dec. 31, 2017.

The rights offering was dated Oct. 10, 2017.

Broadridge Financial Solutions Inc. will hold the new shares in book entry form until Providence Bank completes the formation of its new bank holding company, PB Financial Corp.