February 9, 2018
The financial services team of Neil E. Grayson, E. Peter Strand, and Richard E. Davis, Jr. represented investment bank B. Riley FBR as the sole placement agent to Infinity Bank, a California-based de-novo community bank, in its $33 million capital raise. The offering was oversubscribed and upsized from its original size of $30 million.
Proceeds of the transaction will be used to capitalize Infinity Bank and to provide funds for its lending and investment operations and for other general business purposes. The transaction closed on Feb. 1, 2018.
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