Civista Bancshares, Inc., the parent company of Civista Bank, has announced the pricing of a public offering of 3,294,120 common shares at $21.25 per share, amounting to an aggregate offering of $70 million. The company has also provided underwriters a 30-day option to purchase an additional 494,118 common shares, potentially increasing total proceeds to approximately $80.5 million before discounts and expenses. The net proceeds from this offering are intended for general corporate purposes, including supporting organic growth and future strategic transactions. Piper Sandler & Co. is acting as the sole book-running manager, with additional support from several co-managers. The transaction is expected to close soon, subject to customary conditions.
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