SANDUSKY, Ohio, July 10, 2025 /PRNewswire/ — Civista Bancshares, Inc. (NASDAQ: CIVB) has set the terms for its capital raise effort, pricing a public offering of 3.29 million common shares at $21.25 per share. The Ohio-based financial holding company aims to generate approximately $70 million in gross proceeds before expenses, with underwriters securing a 30-day option to acquire an additional 494,118 shares – a move that could boost total proceeds to $80.5 million if fully exercised.
Proceeds from this offering, slated to close July 14 pending standard conditions, will bolster Civista’s strategic initiatives. The capital infusion is earmarked for advancing organic growth and potential strategic acquisitions in the regional banking landscape, positioning the company to capitalize on expansion opportunities in its core Midwest markets.
Piper Sandler & Co. is leading the transaction as sole book-runner, supported by co-managers D.A. Davidson & Co., Hovde Group, Janney Montgomery Scott, Keefe Bruyette & Woods (a Stifel company), and Stephens Inc. This syndicate represents significant firepower in financial underwriting circles.
This capital raise falls under Civista’s existing shelf registration filed with the SEC. Investors can access offering documents through the SEC’s EDGAR database. The transaction structure highlights how regional banks are proactively strengthening balance sheets amid evolving market conditions.
This announcement serves informational purposes exclusively and doesn’t constitute a securities solicitation. Final terms remain subject to standard regulatory approvals.
About Civista Bancshares, Inc.
Anchored by its flagship Civista Bank founded in 1884, this $4.1 billion financial institution maintains roots in Sandusky while extending operations through 42 branches across Ohio, southeastern Indiana, and northern Kentucky. The company delivers integrated financial services including commercial lending, mortgage solutions, wealth advisory, and equipment leasing.
Forward Looking Statements
This release contains forward-looking statements subject to SEC safe harbor protections. All projections involve inherent uncertainties that could cause actual results to differ materially from expectations. Key risk factors affecting regional banking operations are detailed in Civista’s SEC filings including its 2024 Form 10-K and subsequent quarterly reports. The company expressly disclaims obligations to update projections based on future developments.
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