Community Financial in Ill. Completes Private Offering

Community Financial (CFIS) in Glen Ellyn, Ill., has raised $3.9 million in a private placement.

The $356.6 million-asset company issued 2.8 million shares of common stock to investors at a purchase price of $1.00 per share. It also issued an additional 350,000 shares of common stock at $1 per share and 7,334 shares of preferred stock at $100 per share to existing stockholders.

Community Financial announced plans for the offering, along with a $24 million investment from 63 investors, in November 2012.

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Community banking M&A Illinois
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