Business
Oak View Bankshares, Inc. Announces Completion of Common Stock Offering
WARRENTON, VA / ACCESS Newswire / April 2, 2025 / Oak View Bankshares, Inc. (the "Company") (OTC PINK:OAKV), parent company of Oak View National Bank (the "Bank"), announced today that the Company has completed a private placement of 558,227 shares ...
About this update from Oak View Bankshares Inc.
[{"type":"text","content":"WARRENTON, VA / ACCESS Newswire / April 2, 2025 / Oak View Bankshares, Inc. (the "Company") (OTC PINK:OAKV), parent company of Oak View National Bank (the "Bank"), announced today that the Company has completed a private placement of 558,227 shares of common stock at a price of $14.00 per share (the "Offering"). The Company expects gross proceeds from the Offering of approximately $7.8 million, which will be used for general corporate purposes.","length":478,"tagName":"p"},{"type":"text","content":"Michael Ewing, CEO and Chairman of the Board, stated, "We are pleased to announce the successful completion of the private placement. This offering positions us for future growth opportunities that we believe will further enhance shareholder value."","length":259,"tagName":"p"},{"type":"text","content":"Performance Trust Capital Partners, LLC served as the Company's exclusive financial advisor for the Offering. Williams Mullen served as legal counsel to the Company.","length":169,"tagName":"p"},{"type":"text","content":"About Oak View Bankshares, Inc. and Oak View National BankOak View Bankshares, Inc. is the parent bank holding company for Oak View National Bank, a locally owned and managed community bank serving Fauquier, Culpeper, Rappahannock, and surrounding Counties. For more information about Oak View Bankshares, Inc. and Oak View National Bank, please visit our website at www.oakviewbank.com. Member FDIC.","length":401,"tagName":"p"},{"type":"text","content":"For additional information, contact Tammy Frazier, Executive Vice President & Chief Financial Officer, Oak View Bankshares, Inc., at 540-359-7155.","length":150,"tagName":"p"},{"type":"text","content":"Cautionary Note Regarding Forward-Looking StatementsAny statements in this release about expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "would," "predict," "potential," "believe," "likely," "expect," "anticipate," "seek," "estimate," "intend," "plan," "project" and...