PVF Capital Corp. in Solon, Ohio, is expected to amass an additional $30 million of capital by today to combat its growing pool of problem assets.
The $889 million-asset company announced Tuesday that by today it expected to close a $25.7 million rights offering to existing shareholders. It
PVF Capital also could raise $4.3 million from the Short Vincent Partners II LP affiliate of CapitalWorks LLC, a Cleveland investment company, though that was contingent on the success of the rights offering.
