* Says 21.8 mln stock offering priced at $10.55/shr
* Offering priced at 5 pct discount to Thursday's close
* Shares fall 4 percent
April 30 U.S. regional bank Fulton Financial
(FULT.O) said its 21.8 million share offering was priced at
$10.55 a share, a 5 percent discount to its closing price
Thursday, sending its shares down 4 percent.
On Wednesday, the bank said it would offer $230 million in
common stock and use the net proceeds to pay back government
bailout funds. [ID:nSGE63S0N1]
The parent of Fulton Bank N.A. received $376.5 million in
bailout funds from the U.S. Treasury.
The bank said it would redeem stock issued to the Treasury
following authorization from its regulators and formal approval
from the Treasury.
Shares of the company fell 4 percent to $10.58. They
recouped some losses to trade at $10.60 in early trade Thursday
(Reporting by Jochelle Mendonca in Bangalore; Editing by