Community Financial Shares Inc (fka CFIS)

[56Chevy]

Community Financial Shares, Inc. Announces Completion of Rights Offering

March 28, 2013 at 16:00 PM EDT

Community Financial Shares, Inc., (the “Company”) (OTCQB: CFIS), the parent company of Community Bank-Wheaton/Glen Ellyn (the “Bank”), announced today it has consummated its previously announced non-transferable rights offering, which expired at 5:00 pm Eastern time on March 22, 2013.

The Company received gross proceeds of approximately $483,121, before expenses, from the stockholder rights offering, which is to be used for general working capital, and will issue 483,121 additional shares of Company common stock in connection with the rights offering.

The Company intends to mail new common shares acquired through the rights offering to registered subscribers within three business days. Stockholders participating in the over-subscription privilege were entitled to purchase the full amount of shares for which they subscribed.

http://finance.nrn.com/nrn/news/read?GUID=23808711

*The bad news is the rights offering for legacy shareholders has come and gone at the time of this post ...but the good news for new investors just wanting in the market value of the stock has remained very close to the cash infusion investors' buy-in price of $1.