Form D Reporting: Cnb Financial CorpPa $50.00 million Fundraising. Brian W Wingard Published Oct 12 Filing

Commercial Banking Cnb Financial Corp/Pa - Brian W Wingard

Cnb Financial Corp/Pa Financing

Cnb Financial Corp/Pa, Corporation just filed form D regarding $50.00 million debt financing. This is a new filing. Cnb Financial Corp/Pa was able to sell $50.00 million. That is 100.00% of the fundraising. The total private offering amount was $50.00 million. The offering form was filed on 2016-10-12. The reason for the financing was: unspecified.

Cnb Financial Corp/Pa is based in Pennsylvania. The firm’s business is Commercial Banking. The D form was submitted by Brian W Wingard EVP-CFO & Treasurer. The company was incorporated more than five years ago. The filler’s address is: 1 South Second Street, Clearfield, Pa, Pennsylvania, 16830. Joseph B. Bower, Jr. is the related person in the form and it has address: 1 South Second Street, P.O. Box 42, Clearfield, Pa, Pennsylvania, 16830. Link to Cnb Financial Corp/Pa Filing: 000112329216002859.

Analysis of Cnb Financial Corp/Pa Offering

On average, companies in the Commercial Banking sector, sell 44.00% of the total offering size. Cnb Financial Corp/Pa sold 100.00% of the offering. Could this mean that the trust in Cnb Financial Corp/Pa is high? The average fundraising size for companies in the Commercial Banking industry is $2.90 million. The total amount raised is 1,623.54% bigger than the average for companies in the Commercial Banking sector. The minimum investment for this offering is set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Cnb Financial Corp/Pa Also

The Form D signed by Brian W Wingard might help Cnb Financial Corp/Pa’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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