Fentura Financial in Fenton, Mich., is the latest banking company to outline plans to sell common stock.
The $501 million-asset company said in a press release Friday that it plans to raise $15 million by selling about 1.1 million shares of common stock at $14 each.
The proceeds will be used to fund the company's purchase of Community Bancorp and organic growth, among other things.
Texas Capital Bancshares in Dallas; Iberiabank in Lafayette, La.; and Unity Bancorp in Clinton, N.J., are also among the banks selling stock right now.