Goldthwaite, Texas (June 25, 2020) -- Goldthwaite Bancshares, Inc. (the “Company”), the holding company for MCBank (the “Bank”), today announced that it has completed a private placement of $8.35 million in aggregate principal amount of subordinated notes to certain qualified institutional and other accredited investors. The Company intends to use the net proceeds of the notes offering for general corporate purposes, including capital to support the growth of the Bank.