Civista Bancshares Inc., the parent company of Civista Bank, has announced the completion of its public offering's overallotment option, resulting in the issuance of an additional 494,118 common shares. These shares were sold at a public offering price of $21.25 per share. The transaction is expected to yield approximately $9.9 million in proceeds for Civista, after accounting for the underwriting discount. The offering was led by Piper Sandler & Co., with D.A. Davidson & Co., Hovde Group, LLC, Janney Montgomery Scott LLC, Keefe, Bruyette & Woods, A Stifel Company, and Stephens Inc. serving as co-managers. The offering was conducted under an effective shelf registration statement filed with the SEC.
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