Cordia Bancorp (BVA) in Midlothian, Va., has raised $15.4 million.

The company said in a press release Thursday that it sold $6.7 million in convertible preferred stock to a fund managed by Tricadia Capital Management. Michael Rosinus, Tricadia's senior advisor, and David Zlatin, chief operating officer at Ramat Securities, will join Cordia's board.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.