Form D Worth Watching: Psb Holding $6.00 million Fundraising. Tandy J Morgan Released Jul 11 SEC form

Commercial Banking Psb Holding Corp - Tandy J Morgan

Psb Holding Financing

Psb Holding Corp, Corporation just filed form D for $6.00 million equity financing. This is a new filing. Psb Holding was able to fundraise $2.03 million so far. That is 33.78% of the offering. The total private financing amount was $6.00 million. The fundraising form was filed on 2016-07-11. The reason for the financing was: unspecified. The fundraising still has about $3.97 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Psb Holding is based in Maryland. The filler’s business is Commercial Banking. The form was signed by Tandy J Morgan EVP / CFO. The company was incorporated more than five years ago. The filler’s address is: 312 Main St, Preston, Md, Maryland, 21655. Gregory W Johnson is the related person in the form and it has address: 312 Main Street, Preston, Md, Maryland, 21655. Link to Psb Holding Filing: 000101410016000049.

Analysis of Psb Holding Offering

On average, companies in the Commercial Banking sector, sell 44.00% of the total offering amount. Psb Holding sold 33.78% of the offering. The fundraising is still open. The average investment size for companies in the Commercial Banking industry is $2.90 million. The offering was 30.14% smaller than the average of $2.90 million. Of course this should not be seen as negative. Businesses raise funds for different needs and reasons. The minimum investment for this offering was set at $10000. If you know more about the reasons for the financing, 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 Psb Holding Also

The Form D signed by Tandy J Morgan might help Psb Holding Corp’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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