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.

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