Carolina Financial in Charleston, S.C., plans to raise $30 million in a public offering of its common stock.

The $1.3 billion-asset company plans to use the proceeds to support potential acquisitions and for organic growth and general corporate purposes, including a capital contribution to CresCom Bank. The sale is expected to close Dec. 14.

Carolina will sell 1.9 million shares at $15.25 per share, it said in a Wednesday news release, including a 295,000-share overallotment option.
The shares are being issued and sold under a shelf registration filed in August.

Raymond James & Associates and Keefe, Bruyette & Woods are lead managers on the offering. Nelson Mullins Riley & Scarborough is legal counsel.

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