SANDUSKY, Ohio, Feb. 21, 2017 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") the parent of Civista Bank, announced today the pricing of an underwritten public offering of 1,400,000 of the Civista's common shares at a price to the public of $21.75 per share, for gross proceeds of approximately $30.5 million.  The net proceeds to Civista after deducting underwriting discounts and commissions and other offering expenses are expected to be approximately $28.5 million.  Civista has granted the underwriters a 30-day option to purchase up to an additional 210,000 Civista common shares at the same price and on the same terms and conditions.  Keefe, Bruyette & Woods, A Stifel Company, and Sandler O'Neill + Partners, L.P. acted as joint bookrunning managers, and Boenning & Scattergood, Inc. and Hovde Group, LLC acted as co-managers.

Civista expects to close the transaction, subject to customary conditions, on or about February 24, 2017.  This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any securities of Civista, which is being made only by means of a prospectus supplement and related base prospectus, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Civista intends to use the net proceeds from the offering, including any net proceeds from the underwriters' exercise of their option, for general corporate purposes, including potential future acquisitions and to support organic growth.

Civista Bancshares, Inc. is a $1.4 billion financial holding company headquartered in Sandusky, Ohio.  Civista's banking subsidiary, Civista Bank, operates 29 locations in Northern, Mid-Central, and Southwestern Ohio.

Additional Information Regarding the Offering

The offering of the common shares is being made pursuant to an effective shelf registration statement (File No. 333-205828) filed by Civista with the Securities and Exchange Commission ("SEC") and only by means of a prospectus supplement and accompanying prospectus.  A preliminary prospectus supplement dated February 15, 2017, has been filed with the SEC to which this communication relates.  Prospective investors should read the preliminary prospectus supplement and the accompanying prospectus and other documents Civista has filed with the SEC for more complete information about Civista and the offering.  These documents are available at no charge by visiting the SEC's website at www.sec.gov.  Copies of the preliminary prospectus supplement, the prospectus supplement and the accompanying prospectus related to the offering may be obtained by contacting:  Keefe, Bruyette & Woods, Inc., Equity Capital Markets, 787 Seventh Avenue, 4^th Floor, New York, NY 10019 or by calling (212) 887-4771.

Forward-Looking Statements.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are identified by the fact that they are not historical facts and include discussions of the plans or intentions of Civista.

Readers of this press release should understand forward-looking statements in this press release to be statements of intent or expectation rather than assurances of future actions.  The information contained in this press release should be read in conjunction with the offering documents described above and other documents we file with the SEC.

Readers are cautioned that the forward-looking statements in this press release are subject to contingencies and uncertainties, such as competitive factors affecting growth and changes in the market for acquisitions.  Forward-looking statements in this press release are based on Civista's good faith expectations based upon reasonable assumptions within the bounds of management's knowledge of Civista's business and operations and the current opportunities for expansion or acquisitions.  Civista disclaims any responsibility to update these forward-looking statements to reflect events or circumstances after the date of this press release, except as required by law.

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SOURCE Civista Bancshares, Inc.