South Carolina de novo looks to raise up to $34 million | American Banker

This post was originally published on this site


Organizers of Beacon Community Bank in Charleston, S.C., plan to raise up to $34 million in initial capital.

The proposed bank would sell 2.2 million to 3.4 million shares of stock for $10 each as part of a private placement, organizers disclosed in a highly redacted application with the Federal Deposit Insurance Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.