Bancorp 34, Inc. announced that it expects to receive $25 million in funding
June 28, 2021
Share
Bancorp 34, Inc. announced that it will receive $25,000,000 in a round of funding on June 29, 2021. The company will issue non-convertible debt in the transaction. The securities will be issued pursuant to regulation D. The minimum investment accepted from any outside investor is $250,000.
Bancorp 34, Inc. is the holding company for Bank 34 (the Bank). The Company conducts a full-service community banking business through the Bank. The Company offers a full range of relationship-focused services to meet its clientâs business and personal financial objectives, with branches in Arizona and New Mexico. Its product lines include commercial loans, commercial real estate loans, and a variety of commercial and consumer deposit products, including noninterest bearing accounts, interest-bearing demand products, savings accounts, money market accounts and certificates of deposit. It also offers online banking and bill payment services, online cash management, safe deposit box rentals, debit card and automated teller machine (ATM) card services and the availability of a network of ATMs for its customers. Its segments include Commercial loans, Commercial real estate loans, Multifamily, Construction and land development loans, Residential real estate loans, and Consumer loans.