WASHINGTON, D.C. (November 4, 2019) – Holland & Knight advised Sandler O'Neill & Partners, L.P. as sole placement agent on Central Federal Corporation’s (NASDAQ: CFBK) recently announced $25 million private placement. The offering, which was made in common and convertible preferred stock, closed on October 31.
Central Federal Corporation is the parent of CFBank, N.A., which has a large presence in Ohio. An affiliate of Castle Creek Capital LLC, a California-based private equity firm and leading investor in the financial institutions sector, was the lead institutional investor in the private placement.
Holland & Knight Partners Kevin Houlihan and Mark Goldschmidt led the firm’s representation of Sandler O'Neill in the transaction. Sandler O’Neill is the largest independent investment banking firm focused on financial services companies.
More information about the transaction can be found here.
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