Civista Bancshares Concludes Overallotment and Issues 494,118 Shares

Civista Bancshares Completes Overallotment Option

Civista Bancshares, Inc., the parent company of Civista Bank, has recently announced a significant development in their financial activities. As of July 16, 2025, the underwriters involved in Civista's latest public offering have exercised their overallotment option. This action led to the issuance of an additional 494,118 common shares at a public offering price of $21.25 each. Consequently, this strategic move is expected to bring in approximately $9.9 million in proceeds for the company, after deducting underwriting discounts but before accounting for other expenses.

Piper Sandler & Co. served as the sole book-running manager of this offering, highlighting the firm's role in facilitating the transaction. Co-managers included D.A. Davidson & Co., Hovde Group, LLC, Janney Montgomery Scott LLC, Keefe Bruyette & Woods, A Stifel Company, and Stephens Inc., reflecting a collaborative effort among financial institutions to manage and optimize the offering.

The sale of these additional shares follows an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC), specifically referencing File No. 333-282560. Interested parties can access detailed documents related to this statement via the SEC's EDGAR database or by contacting Piper Sandler directly.

This press release serves purely informational purposes and does not act as an offer to sell, nor should it be interpreted as a solicitation to buy these securities. Any transactions involving these shares must comply with applicable laws and regulations in the relevant jurisdictions.

About Civista Bancshares, Inc.

Founded in 1884, Civista Bancshares, Inc. has grown into a substantial financial services holding company based in Sandusky, Ohio. Currently, the company manages assets worth $4.1 billion through its primary subsidiary, Civista Bank. The bank provides a wide range of services, including full-service banking, commercial lending, mortgages, wealth management, and commercial equipment leasing across 42 locations in Ohio, Southeastern Indiana, and Northern Kentucky. Civista's commitment to customer service and financial stability has made it a notable player in the banking sector, with its shares actively traded on the NASDAQ under the ticker symbol