First Defiance Financial Corp. in Defiance, Ohio, has $19.6 million of fresh equity.

The $2.04 billion-asset company said Tuesday that it sold 1.6 million shares, including 208,800 shares for over-allotments, at $13.25 a share. The offering price was roughly a 6% discount to its stock price March 23, the day it disclosed pricing.

First Defiance said in a prospectus that it plans to use the proceeds to further bolster capital ratios and support growth.

At Dec. 31, the company's thrift had a total risk-based capital ratio of 14.09%.

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