At the end of October 2022, Friendly Hills Bancorp closed the transaction. The company issued 1,704,229 common shares at a price of $8.25 per share for gross proceeds of $14,059,889 in the transaction. The company issued 478,896 for gross proceeds of $3,950,892 in its second and final tranche.
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- Friendly Hills Bancorp announced that it has received $14.059889 million in funding