Consumers Bancorp (CBKM) in Minerva, Ohio, has completed a $9.7 million rights offering and will seek to raise an additional $300,000 through a public offering of common stock.
The $350 million-asset company said Tuesday that its rights offering was fully subscribed. Consumers will close the public offering soon after July 1, it said. It expects to issue a combined 655,668 million shares of common stock in the offerings.
Consumers has eleven Ohio branches. In April, American Banker Magazine named it one of the top 200 community banks based on average return on equity over the past three years.
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Corrected July 2, 2013 at 2:12PM: An earlier version of this story overstated the size of the public offering and the number of common shares to be issued. The headline has been updated, too, to better reflect the story.