Community Trust completes $85M private placement of common, preferred stock
Community Trust Financial Corporation (“Community Trust”) announced that on Dec. 14, it raised approximately $85 million in equity capital, before expenses, through a private placement of common stock and nonvoting preferred stock. The lead investors in the offering include funds managed by affiliates of Pine Brook and Castle Creek. No investor acquired more than 9.9 percent of Community Trust’s pro forma common stock outstanding and Community Trust remains a privately held company. Stephens Inc. served as placement agent for Community Trust in the offering.