The Missouri-based bank holding company completes fully subscribed private debt raise across 11 states.

February 24, 2026

Fully Subscribed Debt Raise

Reliable Community Bancshares Inc. has raised $55 million through a private debt offering, fully subscribing the deal and closing it within weeks of the first sale.

The Perryville, Missouri-based bank holding company structured the raise under Rule 506(b) of Regulation D, allowing it to offer the securities without registering them publicly. The first sale took place on January 29, 2026, and the company indicated the offering was not intended to extend beyond one year. By mid-February, the entire $55 million had been sold.

Offering Structure and Investor Participation

The securities issued were debt instruments, not equity. Investors were required to commit at least $100,000, pointing to participation from accredited and institutional buyers. In total, 29 investors took part in the offering.

To support distribution, the company worked with Piper Sandler & Co., a registered broker-dealer based in New York. Sales commissions totaled $825,000, while no finders’ fees were reported.

The offering was marketed across 11 states:

• Colorado
• Georgia
• Kansas
• Kentucky
• Minnesota
• Missouri
• Ohio
• Oklahoma
• Texas
• Washington
• West Virginia
• Wisconsin

Company Profile and Governance

Reliable Community Bancshares operates in the commercial banking sector and has been in existence for more than five years. In the notice, the company declined to disclose its revenue or asset range.

It also reported that none of the offering proceeds would be used for payments to executive officers, directors or promoters.

Treasurer Stanley Naeger signed the notice on behalf of the company on February 18, 2026. The filing lists multiple directors and executive officers, all based at the company’s headquarters in Perryville, Missouri.

Capital Position Strengthened

By relying on Rule 506(b), the company confirmed it met the requirements to use that exemption and that it is not registered as an investment company under federal law. The structure allows companies to raise capital efficiently while limiting participation to qualified investors.

With the full $55 million secured, Reliable Community Bancshares adds capital to its balance sheet at a time when regional banking institutions continue to manage liquidity, lending demand and regulatory oversight. The filing does not detail how the proceeds will be deployed, but the absence of insider allocations suggests the funds are intended for general corporate purposes.

For community and regional banking organizations, access to private capital remains a practical financing tool. When executed quickly and fully subscribed, it provides a clear signal of investor participation and available liquidity.