Highlands Bankshares (HBKA) in Abingdon, Va., has registered nearly $18 million in common and preferred stock for certain shareholders, directors and executives.

The $606 million-asset company filed a shelf registration last week for about 2.1 million shares of series A preferred stock on behalf of TNH Financial Fund. The company said the sale should generate proceeds of $7.8 million for TNH Financial.

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