Business
Community Heritage Financial, Inc. Announces Public Offering of Common Stock Under Regulation A+
Community Heritage Financial, Inc. Announces Public Offering of Common Stock Under Regulation A+.
About this update from Community Heritage Financial, Inc.
[{"type":"text","content":"\n\n\n\nCommunity Heritage Financial, Inc. Announces Public Offering of Common Stock Under Regulation A+\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCommunity Heritage Financial, Inc. Announces Public Offering of Common Stock Under Regulation A+\nPR Newswire\nMIDDLETOWN, Md., Sept. 12, 2022\n\n\n\nMIDDLETOWN, Md., Sept. 12, 2022 /PRNewswire/ -- Community Heritage Financial, Inc. (the \"Company\") (OTC PK: CMHF), the parent company of Middletown Valley Bank (the \"Bank\"), today announced the launch of a public offering of 1,500,000 shares of common stock under Regulation A, Tier 2.  The public offering price is expected to be between $21.00 and $23.00 per share.\n\n \n \n \n \n \n \n\n \nThe Company is offering the shares of common stock through an underwriter, Piper Sandler & Co.  The underwriter will have a 30-day option to purchase up to 225,000 additional shares of common stock.\nThe Company intends to use the proceeds of the offering (substantially all of which the Company intends to contribute to the capital of the Bank) to increase lending and investment activities and to expand client relationships through the ability to make additional loans with a larger legal lending limit.  The Company may also use a portion of the proceeds to fund potential acquisition opportunities, and for working capital and other general corporate purposes. The Company does not have any current plans, arrangements, or understandings relating to any specific acquisitions.\nThe shares of common stock will be issued pursuant to an offering statement on Form 1-A (File No. 024-11920) filed by the Company with the U.S. Securities and Exchange Commission (the \"SEC\"), which was qualified by the SEC on September 9, 2022, and only by means of an offering circular.  A preliminary offering circular related to the offering has been filed with the SEC.  Prospective investors should read the preliminary offering circular, and the final offering circular, when available, and other documents the Company has filed with the SEC for more complete information...