Hyperion Bancshares Completes $14.7 Million Capital Raise to Fund Organic Growth
Hyperion Bancshares has successfully closed a $14.7 million capital raise through an unconventional dual-tranche offering of common and preferred stock, which was oversubscribed by approximately two times. The funds will be used for organic growth in its Philadelphia and Atlanta markets rather than acquisitions or balance-sheet repair.
Topics: banking capital raise organic growth