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First Business Financial Services Inc Announces Underwriters Exercise Of Over Allotment Option Of Common Stock

Friday, 21 Dec 2012 04:15pm EST 

First Business Financial Services Inc announced the closing of the sale of 165,000 shares of its common stock pursuant to the underwriters' exercise of the over-allotment option, which the Company granted in connection with its previously announced underwritten public stock offering. Together with the 1,100,000 shares issued on December 10, 2012, the Company issued a total of 1,265,000 shares of common stock in the underwritten public offering, at a price to the public of $23.00 per share, for gross proceeds of approximately $29.1 million. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses were approximately $27.1 million. Stifel, Nicolaus & Company, Incorporated served as sole book-running manager and Raymond James & Associates, Inc. and FIG Partners, LLC served as co-managers for the offering. 

Company Quote

-0.09 -0.19%
4:00pm EDT