On October 10, 2017, Tri-County Financial Group, Inc. (OTCPK:TYFG) closed the transaction. The transaction included participation from new investor Castle Creek Capital Partners VI LP, a fund managed by Castle Creek Capital LLC. The company has issued 95,564 common shares at $35.52 per share and 467,500 convertible preferred shares at $35.52 per share for gross proceeds of $20,000,033 in the transaction. The preferred shares are convertible into common shares of the company following certain permitted transfers.