PILLAR+AUGHT ADVISES PNC FIG ADVISORY IN $12 MILLION SUB DEBT ISSUANCE

Pillar+Aught advised PNC FIG Advisory, part of PNC Capital Markets LLC, in its role as exclusive placement agent for Greenback Fincorp, Inc., holding company for Austin Capital Bank, in connection with the successful completion of a $10.5 million private placement of fixed-to-floating rate subordinated notes to certain qualified institutional buyers and institutional accredited investors.  Co-founder Ken Rollins led the Pillar+Aught team.