{"id":868731,"date":"2025-07-10T22:18:17","date_gmt":"2025-07-11T02:18:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/civista-bancshares-inc-announces-pricing-of-public-offering-of-common-shares\/"},"modified":"2025-07-10T22:18:17","modified_gmt":"2025-07-11T02:18:17","slug":"civista-bancshares-inc-announces-pricing-of-public-offering-of-common-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/civista-bancshares-inc-announces-pricing-of-public-offering-of-common-shares\/","title":{"rendered":"Civista Bancshares, Inc. Announces Pricing of Public Offering\u202fof Common Shares"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">SANDUSKY, Ohio<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">July 10, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Civista Bancshares, Inc. (NASDAQ: CIVB) (&#8220;Civista&#8221;), parent company of Civista Bank, today announced the pricing of an underwritten public offering of 3,294,120 common shares at a price of <span class=\"xn-money\">$21.25<\/span> per share, for an aggregate offering amount of <span class=\"xn-money\">$70.0 million<\/span>. Civista also granted the underwriters a 30-day option to purchase up to an additional 494,118 common shares.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/241852\/civista_bancshares_logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/241852\/civista_bancshares_logo.jpg\" title=\"Civista Bancshares, Inc.\" alt=\"Civista Bancshares, Inc.\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The aggregate gross proceeds of the offering will be approximately <span class=\"xn-money\">$70.0 million<\/span> before discounts and expenses. Assuming full exercise by the underwriters of their option to purchase additional common shares, the aggregate gross proceeds of the offering would be approximately <span class=\"xn-money\">$80.5 million<\/span> before discounts and expenses. Civista plans to use the net proceeds from the offering for general corporate purposes, which may include supporting organic growth opportunities and future strategic transactions. The offering is expected to close on <span class=\"xn-chron\">July 14, 2025<\/span>, subject to customary closing conditions.<\/p>\n<p>\n        <span class=\"xn-person\">Piper Sandler<\/span> &amp; Co. is serving as the sole book-running manager. D.A. Davidson &amp; Co., Hovde Group, LLC, Janney Montgomery Scott LLC, Keefe, Bruyette &amp; Woods, <i>A Stifel Company<\/i>, and Stephens Inc. are serving as co-managers in the offering.<\/p>\n<p>Civista has filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) a shelf registration statement (including a prospectus) on Form S-3 (File No. 333-282560) and a preliminary prospectus supplement dated <span class=\"xn-chron\">July 10, 2025<\/span> for the offering of its common shares to which this press release relates, and Civista will file a final prospectus supplement relating to the common shares. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus, including the information incorporated by reference therein, and the other documents Civista has filed and will file with the SEC for more complete information about Civista and the offering. The offering will be made only by means of the prospectus supplement and accompanying prospectus that forms a part of the registration statement, copies of which may be obtained for free by visiting EDGAR on the SEC&#8217;s website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4466515-1&amp;h=999841811&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=www.sec.gov\" target=\"_blank\" rel=\"nofollow\">www.sec.gov<\/a>, or by request from <span class=\"xn-person\">Piper Sandler<\/span> &amp; Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, <span class=\"xn-location\">Minneapolis, Minnesota<\/span> 55402, or by phone at 1-800-747-3924, or by email at <a href=\"mailto:prospectus@psc.com\" target=\"_blank\" rel=\"nofollow\">prospectus@psc.com<\/a>.<\/p>\n<p>This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. \u00a0The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus relating thereto.<\/p>\n<p>\n        <b>\u00a0About Civista Bancshares, Inc.<\/b>\n      <\/p>\n<p>Civista Bancshares, Inc. is a <span class=\"xn-money\">$4.1 billion<\/span> financial services holding company headquartered in <span class=\"xn-location\">Sandusky, Ohio<\/span>. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, wealth management, and commercial equipment leasing services. Today, Civista Bank operates 42 locations across <span class=\"xn-location\">Ohio<\/span>, <span class=\"xn-location\">Southeastern Indiana<\/span>, and <span class=\"xn-location\">Northern Kentucky<\/span>. Civista&#8217;s common shares are traded on the NASDAQ Capital Market under the symbol &#8220;CIVB&#8221;.<\/p>\n<p>\n        <b>Forward Looking Statements<\/b>\n      <\/p>\n<p>This press release may contain forward-looking statements within the meaning of the federal securities laws.\u00a0 For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.\u00a0\u00a0 Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings Civista makes with the SEC. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance.\u00a0 These forward-looking statements are based on management&#8217;s expectations and are subject to a number of risks and uncertainties.\u00a0 We have tried, wherever possible, to identify such statements by using words such as &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;will&#8221; and similar expressions. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements.\u00a0 Risks and uncertainties that could cause actual results to differ materially include risk factors relating to the banking industry and the other factors detailed from time to time in the reports Civista files with the SEC, including those described in &#8220;Item 1A Risk Factors&#8221; of Part I of Civista&#8217;s Annual Report on Form 10-K for the fiscal year ended <span class=\"xn-chron\">December 31, 2024<\/span>, in &#8220;Item 1A. Risk Factors&#8221; of Part II of the Company&#8217;s Quarterly Report on Form 10-Q for the quarter ended <span class=\"xn-chron\">March 31, 2025<\/span>, and any additional risks identified in Civista&#8217;s subsequent Forms 10-Q.\u00a0 Undue reliance should not be placed on the forward-looking statements, which speak only as of the date hereof.\u00a0 Civista does not undertake, and specifically disclaims any obligation, to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL28457&amp;sd=2025-07-10\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/civista-bancshares-inc-announces-pricing-of-public-offering-of-common-shares-302503038.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/civista-bancshares-inc-announces-pricing-of-public-offering-of-common-shares-302503038.html<\/a><\/p>\n<p>SOURCE  Civista Bancshares, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL28457&amp;Transmission_Id=202507102214PR_NEWS_USPR_____CL28457&amp;DateId=20250710\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SANDUSKY, Ohio , July 10, 2025 \/PRNewswire\/ &#8212; Civista Bancshares, Inc. (NASDAQ: CIVB) (&#8220;Civista&#8221;), parent company of Civista Bank, today announced the pricing of an underwritten public offering of 3,294,120 common shares at a price of $21.25 per share, for an aggregate offering amount of $70.0 million. Civista also granted the underwriters a 30-day option to purchase up to an additional 494,118 common shares. The aggregate gross proceeds of the offering will be approximately $70.0 million before discounts and expenses. Assuming full exercise by the underwriters of their option to purchase additional common shares, the aggregate gross proceeds of the offering would be approximately $80.5 million before discounts and expenses. Civista plans to use the net proceeds from &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/civista-bancshares-inc-announces-pricing-of-public-offering-of-common-shares\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Civista Bancshares, Inc. Announces Pricing of Public Offering\u202fof Common Shares&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-868731","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Civista Bancshares, Inc. 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Civista also granted the underwriters a 30-day option to purchase up to an additional 494,118 common shares. The aggregate gross proceeds of the offering will be approximately $70.0 million before discounts and expenses. Assuming full exercise by the underwriters of their option to purchase additional common shares, the aggregate gross proceeds of the offering would be approximately $80.5 million before discounts and expenses. Civista plans to use the net proceeds from &hellip; Continue reading &quot;Civista Bancshares, Inc. 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