By Devika Patel
Knoxville, Tenn., Nov. 16 - Ohio Legacy Corp. arranged a $15 million private placement of stock on Sunday, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 15 million common shares at $1.00 each to Excel Financial LLC.
Based in Wooster, Ohio, Ohio Legacy is a bank holding company for Ohio Legacy Bank, NA.
| Issuer: | Ohio Legacy Corp.
|
| Issue: | Common stock
|
| Amount: | $15 million
|
| Shares: | 15 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Investor: | Excel Financial LLC
|
| Pricing date: | Nov. 15
|
| Stock symbol: | Nasdaq: OLCB
|
| Stock price: | $0.67 at close Nov. 13
|
| Market capitalization: | $1.4 million
|
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