Trustar Bank Raises $18 Million in New Capital in Latest Stock Offering

Trustar Bank is pleased to announce the successful completion of its recent fundraiser. In less than a month, the donation exceeded its initial goal of $ 15 million, resulting in a 36% increase in subscriptions and more than $ 20 million in subscriptions received. To maintain the greater support of investors, the contribution will be “expanded” to 20%, for a total of $ 18,000. This is the Bank’s second registered share, the first time the Bank started in early 2019.

“We are excited to have the continued investor support affording us the opportunity to build an outstanding financial institution serving the needs of our community. This new capital will further position the Bank to effectively implement our growth strategy and build stockholder value,” CEO Shaza Andersen said.

We are excited to have the support of investors who give us the opportunity to build an outstanding financial institution that serves the needs of our community. This new investment will enable the Bank to effectively implement our growth strategy and build shareholder value, ”said CEO Shaza Andersen.

About the Bank –

Trustar Bank is a full-service bank that provides comprehensive banking products and services to small and medium businesses and consumers. It is the first bank to open and operate in Virginia within a decade.

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