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Choice Financial Holdings raising $111M in equity for M&A

Fargo, N.D.-based Choice Financial Holdings Inc. is raising $111.0 million in equity in anticipation of one or more bank acquisitions, according to a Form D filing.

The company had sold $1.0 million of the offering to one investor as of Dec. 8. The first sale occurred Nov. 28.

The offering is not expected to last more than one year, according to the form.