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Tri-County Financial Corp Closes Public Offering

Wednesday, 2 Oct 2013 03:00pm EDT 

Tri-County Financial Corp announced the closing of its previously announced public offering of 1,400,000 shares of its common stock at $18.75 per share, for gross proceeds of approximately $26.3 million. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $24.0 million. Keefe, Bruyette & Woods, a Stifel Company, acted as the sole book-running manager in this offering and Sandler O'Neill + Partners, L.P. acted as co-manager. The Company initially filed a registration statement (including a preliminary prospectus) with the SEC on September 12, 2013 for the offering to which this communication relates. 

Company Quote

0.44 +2.19%
28 Aug 2015