SB Financial Group, Inc. Financing Offers Expanded Growth Options

DEFIANCE, Ohio, Feb. 14, 2018 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or  the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, and private client services, today announced that the closing of its recent secondary stock offering has strengthened the Company's financial position while offering expanded options to foster long-term growth initiatives.  

Yesterday, the Company announced the closing of its underwritten public offering of 1,666,666 shares of the Company's common stock, including the underwriters' option, priced to the public at $18.00 per share.  SB Financial intends to use the received net proceeds from the offering of approximately $28 million for general corporate purposes, which may include capital contributions to its bank subsidiary to increase regulatory capital and/or investments at the holding company level.

"The strong performance of SB Financial over the past several years has provided confidence among investors in our strategic vision, illustrated by the robust demand for our recently closed stock offering," said Mark A. Klein, Chairman, President and CEO of SB Financial.  "We are optimistic that we can effectively deploy the capital raised in this offering to drive our banking business and help us achieve our strategic initiatives."

"We see the additional capital raised as offering SB Financial expanded options for growth.  We will now have greater flexibility to pursue organic and acquisitive growth to achieve greater efficiencies and scale," concluded Mr. Klein.  "SB Financial will be positioned to accelerate the growth trajectory of our balance sheet toward $1 billion in assets, improving our loan-to-deposit ratio, all while continuing to serve the communities we call home."

About SB Financial Group

Headquartered in Defiance, Ohio, SB Financial is a diversified financial services holding company for the State Bank & Trust Company ("State Bank"). State Bank provides a full range of financial services for consumers and small businesses, including wealth management, private client services, mortgage banking and commercial and agricultural lending, operating through a total of 20 banking centers; 19 in nine Ohio counties and one center in Fort Wayne, Indiana, and 24 full-service ATMs. The Company has six loan production offices located throughout the Tri-State region of Ohio, Indiana and Michigan. SB Financial's common stock is listed on the NASDAQ Capital Market under the symbol "SBFG". SB Financial's preferred stock is listed on the NASDAQ Capital Market under the symbol "SBFGP". 

In May 2017, SB Financial was ranked #145 on the American Banker Magazine's list of Top 200 Publicly Traded Community Banks and Thrifts based on three-year average return on equity ("ROE"). 

Forward-Looking Statements

Certain statements within this document, which are not statements of historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and actual results may differ materially from those predicted by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in the national and regional banking industry, changes in economic conditions in the market areas in which SB Financial and its subsidiaries operate, changes in policies by regulatory agencies, changes in accounting standards and policies, changes in tax laws, fluctuations in interest rates, demand for loans in the market areas in SB Financial and its subsidiaries operate, increases in FDIC insurance premiums, changes in the competitive environment, losses of significant customers, geopolitical events, the loss of key personnel and other risks identified in SB Financial's Annual Report on Form 10-K and documents subsequently filed by SB Financial with the SEC. Forward-looking statements speak only as of the date on which they are made, and SB Financial undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, except as required by law. All subsequent written and oral forward-looking statements attributable to SB Financial or any person acting on its behalf are qualified by these cautionary statements. 

SOURCE SB Financial Group