First Capital Bancshares completes $13.2 million equity raise

The Charleston-based banking company closed an equity offering involving nearly 100 investors under a federal exemption.

January 22, 2026

Equity raise completed in January

First Capital Bancshares has closed a $13.2 million equity raise, drawing participation from 97 investors. Based in Charleston, South Carolina, the commercial banking company completed the raise under a Regulation D exemption—specifically Rule 506(b)—which allowed it to sell securities privately without going through a public registration process.

The offering began on January 15, 2026, and concluded shortly after. The full offering amount was subscribed, with a minimum investment threshold of $12,000. This relatively accessible minimum suggests the raise was designed to appeal to a broad pool of eligible investors. All securities were issued as equity, with no debt, options, or pooled interests involved.

The company confirmed that this was a standalone offering, not tied to any merger or acquisition. It also chose not to disclose specific revenue or asset size figures, which is permitted under the SEC’s filing rules. Importantly, none of the capital raised is earmarked for executive compensation or payments to directors.

Transaction handled internally

The raise was completed without using external broker-dealers or placement agents. No finders were involved, and no third-party firms earned compensation from the offering. The only sales-related expense disclosed was $80,000 in commissions, a relatively modest cost compared to the total raise.

Listed officers and directors for the company include individuals in key leadership positions—such as the chief financial officer, chief lending officer, chief accounting officer, and others—all of whom are based at First Capital’s headquarters on Meeting Street in Charleston.

With all equity fully subscribed and the offering now closed, the company has added fresh capital to support its future plans. The filing signals a focused and efficient approach to fundraising, with minimal complexity and a clear path forward for the firm’s banking operations.