Pioneer Bancshares, Inc. announced a private placement of 560,000 shares at $18 per share for gross proceeds of $10,080,000 on March 31, 2014. The company will issue securities pursuant to exemption provided under Regulation D.

on April 10, 2014, the company announced that it will receive $10,000,000 in the round.

On July 3, 2014, Pioneer Bancshares, Inc. closed the transaction. The company issued 665,928 shares for gross proceeds of $11,986,704. The transaction was oversubscribed and the company issued additional shares pursuant to the provision in the transaction. The transaction includes participation from 87 investors including three non-accredited investors. New and existing investors were primarily Texas residents, with 51% of subscriptions coming from Dripping Springs, Austin, San Marcos, and Kerrville.