Civista Bancshares, Inc. (NASDAQ: CIVB) (“Civista”), parent company of Civista Bank, today announced that the underwriters for its recently completed public offering have exercised their overallotment option and completed the sale of an additional 494,118 common shares at the public offering price of $21.25 per share. The expected proceeds to Civista in connection with the exercise of the option and the issuance of the additional shares, after deducting the underwriting discount but before deducting other expenses payable by Civista, are approximately $9.9 million.
Piper Sandler & Co. served as the sole book-running manager. D.A. Davidson & Co., Hovde Group, LLC, Janney Montgomery Scott LLC, Keefe, Bruyette & Woods, A Stifel Company, and Stephens Inc. served as co-managers in the offering.
This offering was made only by means of an effective shelf registration statement on Form S-3 (File No. 333-282560) filed with the Securities and Exchange Commission (the “SEC”), including a preliminary prospectus supplement and final prospectus supplement dated July 10, 2025, copies of which may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov, or by request from Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, or by phone at 1-800-747-3924, or by email at prospectus@psc.com.
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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