Community Heritage Financial, Inc. Announces Pricing of Public Offering of Common Stock Under Regulation A+
Summary
MIDDLETOWN, Md., Sept. 29, 2022 /PRNewswire/ -- Community Heritage Financial, Inc. (the "Company") (OTC PK: CMHF), the parent company of Middletown Valley Bank (the "Bank"), today announced the pricing of its public offering of 600,000 shares of common stock under Regulation A, Tier 2 at a public offering price of $21.00 per share. The net proceeds to the Company, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately $11.4 million.The Company is offering the shares of common stock through an underwriter, Piper Sandler & Co. For more information, visit www.communityheritageinc.com or www.mvbbank.com.This press release contains forward-looking statements within the meaning of applicable securities laws. Potential risks and uncertainties include, but are not limited to, changes in interest rates, stock market liquidity, deposit flows, loan demand and real estate values, as well as changes in economic, competitive, governmental, regulatory, technological and other factors which may affect the Company specifically, its existing and target market areas or the banking industry in general. The realization or occurrence of these risks or uncertainties could cause actual results to differ materially from those addressed in the forward-looking statements.