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
