SOUTHERN FINANCIAL CORPORATION ANNOUNCES COMPLETION OF $5.1 MILLION PRIVATE PLACEMENT [Yahoo! Finance]
STHN BANC CO INC (SRNN)
NASDAQ:AMEX Investor Relations:
sobanco.com/investor-relations
Company Research
Source: Yahoo! Finance
of a private placement offering of shares of its common stock to accredited individual investors. The private placement resulted in gross proceeds to the company of Southern Financial intends to use the proceeds from the private placement to support The Southern Bank's continued growth in its South Carolina and Georgia markets and for general corporate purposes. "We are immensely grateful for the exceptional support and confidence shown by our investors," said Jamin M. Hujik , CEO and President of The Southern Financial Corporation. "This new capital will enhance our services and broaden our reach, ultimately benefiting our clients and shareholders." The Southern Bank is redefining the future of community banking by seamlessly blending advanced financial tools with a personal touch. With over $318 million in total assets, the bank operates branches in Greenville Spartanburg , and Aiken, S.C. , and Gibson Hephzibah Sardis , and Waynesboro, Ga. The Southern Bank is committed to de
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