Carolina Trust Bank in Lincolnton, N.C., raised $6.3 million after selling 2.1 million shares of common stock.

The $268.9 million-asset company said it sold stock at $3 a share. It plans to use proceeds to make loans and to open or buy branches, among other things.

"With this additional capital, Carolina Trust Bank … should be able to take advantage of the market opportunities," Johnathan Rhyne Jr., its chairman, said in a press release Tuesday.

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