SB Financial (SBFG) in Defiance, Ohio, has filed a shelf registration that would allow it to raise up to $30 million over the next three years.
The filing would permit the $631 million-asset company to sell shares of common and preferred stock, SB Financial said in a press release Monday. However, the company said that it has no immediate plans to sell the securities listed in the registration statement.
"Additional capital can enable us to pursue future banking opportunities that will contribute to the continued growth of the company, while preserving the capital levels of SB Financial Group and State Bank, which are both currently in excess of well-capitalized requirements," Mark Klein, SB Financial's president and chief executive, said in the release.
SB Financial changed its name from Rurban Financial in April. Its bank, State Bank and Trust, has 18 branches in Ohio and Indiana, according to the Federal Deposit Insurance Corp.