trending Market Intelligence /marketintelligence/en/news-insights/trending/UecacnCRD_SDtRNeqBd4pw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Sevier County Bancshares completes equity capital raise

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Sevier County Bancshares completes equity capital raise

Sevierville, Tenn.-based Sevier County Bancshares Inc. issued 2.6 million common shares at $5.00 per share to certain existing and new shareholders, effective Aug. 1.

The transaction included shares issued via a securities purchase agreement with Kenneth Lehman, a private investor, as well as a rights offering to existing accredited shareholders of the company and certain other designated accredited investors.

Lehman acquired 1,663,598 common shares for an aggregate purchase price of about $8.3 million. Other investors purchased an additional 936,402 shares for an aggregate purchase price of approximately $4.7 million.

Following the completion of the offering, Sevier County Bancshares has 4,068,334 common shares outstanding, according to a news release.

Performance Trust Capital Partners LLC, through its subsidiary BSP Securities LLC, served as sole placement agent for the offering. Luse Gorman PC and Butler Snow LLP acted as Sevier County Bancshares' legal counsel, while Crowe LLP served as the tax adviser.

Additionally, Sevier County Bancshares disclosed that John Presley has been formally appointed executive chairman of both the company and unit Sevier County Bank.