Country Bank Holding Co Financing
Country Bank Holding Co Inc, Corporation just submitted form D about $10.00 million equity financing. The date of first sale was 2016-06-30. Country Bank Holding Co was able to sell $4.30 million so far. That is 43.00% of the fundraising offer. The total private offering amount was $10.00 million. The form was filed on 2016-11-10. The reason for the financing was: unspecified. The fundraising still has about $5.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Country Bank Holding Co is based in New York. The filler’s business is Commercial Banking. The D form was submitted by Stephen P Conti SVP, CFO and Treasurer. The company was incorporated more than five years ago. The filler’s address is: 655 Third Avenue 9Th Floor, New York, Ny, New York, 10017. Joseph, Jr. M Murphy is the related person in the form and it has address: 655 Third Avenue, Ninth Floor, New York, Ny, New York, 10017. Link to Country Bank Holding Co Filing: 000114036116085777.
Analysis of Country Bank Holding Co Offering
On average, startups in the Commercial Banking sector, sell 44.00% of the total offering size. Country Bank Holding Co sold 43.00% of the offering. The financing is still open. The average investment size for companies in the Commercial Banking industry is $2.90 million. The total amount raised is 48.22% bigger than the average for companies in the Commercial Banking sector. The minimum investment for this offering is set at $100000. 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 Country Bank Holding Co Also
The Form D signed by Stephen P Conti might help Country Bank Holding Co Inc’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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