Origin Bancorp Financing
Origin Bancorp, Inc., Corporation just submitted form D announcing $45.00 million equity financing. This is a new filing. Origin Bancorp was able to fundraise $45.00 million. That is 100.00% of the financing round. The total fundraising amount was $45.00 million. The financing document was filed on 2016-11-28. The reason for the financing was: unspecified.
Origin Bancorp is based in Louisiana. The filler’s business is Other Banking and Financial Services. The form was signed by Zach L Wasson Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1511 N. Trenton Street, Ruston, La, Louisiana, 71270. John M. Buske is the related person in the form and it has address: 1511 N. Trenton Street, Ruston, La, Louisiana, 71270. Link to Origin Bancorp Filing: 000151691216000004.
Analysis of Origin Bancorp Offering
On average, companies in the Other Banking and Financial Services sector, sell 60.00% of the total offering size. Origin Bancorp sold 100.00% of the offering. Could this mean that the trust in Origin Bancorp is high? The average investment offering size for companies in the Other Banking and Financial Services industry is $1.58 million. The total amount raised is 2,757.14% bigger than the average for companies in the Other Banking and Financial Services sector. The minimum investment for this fundraising was 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 Origin Bancorp Also
The Form D signed by Zach L Wasson might help Origin Bancorp, 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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