The $546 million-asset
bank said in a press release that it brought in $18 million. The bank, which
planned to raise $15 million, received more than $20 million in subscriptions.
Trustar’s original capital
raise in 2019 was also oversubscribed.
“We are excited to have
the continued investor support affording us the opportunity to build an
outstanding financial institution serving the needs of our community,” Shaza
Andersen, the bank’s CEO, said in the release.
“This new capital will
further position the Bank to effectively implement our growth strategy and
build stockholder value,” Shaza Andersen, the bank’s CEO, said in the release,”
Andersen added.
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