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Merit Bank completes $17.5 million capital raise

The offering was fully subscribed in five weeks among local investors, existing shareholders and clients

  Merit Bank has closed on a $17.5 million capital raise to support growth in North Alabama. The offering was fully subscribed in five weeks among local investors, existing shareholders and clients. Since opening in Huntsville in mid-2019, Merit Bank has grown to $255 million in total assets, making it one of the fastest growing…

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