WARRENTON, VA / ACCESSWIRE / March 3, 2022 / Oak View Bankshares, Inc. (the "Company") (OTC Pink:OAKV), parent company of Oak View National Bank (the "Bank"), announced it has completed a private placement of $14 million of 4.0% fixed-to-floating rate subordinated notes due 2032 (the "Notes") to certain qualified institutional buyers and institutional accredited investors (the "Private Placement"). The Company intends to use the net proceeds from the Private Placement for general corporate purposes, including strengthening Bank capital ratios and potential future strategic opportunities.
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