Key Developments For Lakeland Financial Corporation
Lakeland Financial Corporation (LKFN.O) (Nasdaq)
Lakeland Financial Corp. Announces Closing of $59.5 Million Public Offering of Common Stock
Lakeland Financial Corp. announced that it has completed its underwritten public stock offering by issuing 3,500,000 shares of the Company's common stock at a public offering price of $17.00 per share, for aggregate gross proceeds of $59.5 million. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $55.9 million. Stifel, Nicolaus & Company, Incorporated acted as the book-running manager of the public offering, and Keefe, Bruyette & Woods, Inc. and Howe Barnes Hoefer & Arnett, Inc. acted as co-managers.
Lakeland Financial Corp. Announces Pricing Of Common Stock Offering
Lakeland Financial Corp. announced that it has priced a public offering of 3.5 million shares of common stock at $17.00 per share for total gross proceeds of $59.5 million. The Company expects to close the sale of the common shares on November 18, 2009. Stifel, Nicolaus & Company, Incorporated is serving as sole-book running manager. The Company has also granted the underwriters an option to purchase up to an additional 525,000 shares of common stock to cover over-allotments, if any. The Company intends to use the net proceeds of the offering for general corporate purposes, including the contribution of a portion of the proceeds to Lake City Bank as additional capital.
Lakeland Financial Corp. Announces Filing Of Registration Statement For Offering Of 3.5 Million Shares Of Common Stock
Lakeland Financial Corp. announced that it has filed a registration statement with the Securities and Exchange Commission for the offering of newly issued common stock. The Company expects to sell 3.5 million shares of common stock in an underwritten public offering. The price of the common stock will be determined by agreement of the Company and the underwriters at the time of the offering. Stifel, Nicolaus & Company, Incorporated will serve as sole-book running manager. The Company intends to grant the underwriters an option to purchase up to an additional 525,000 shares of common stock to cover over-allotments, if any. The Company intends to use the net proceeds of the offering for general corporate purposes, including the contribution of a portion of the proceeds to Lake City Bank as additional capital.
Lakeland Financial Corp. Approves Cash Dividend
Lakeland Financial Corp. announced that it has approved a cash dividend for the second quarter of $0.155 per share, payable on August 5, 2009 to shareholders of record as of July 25, 2009.
Lakeland Financial Corp. Announces Dividend
Lakeland Financial Corp. announced that the Board of Directors approved a cash dividend for the first quarter of $0.155 per share, payable on May 5, 2009, to shareholders of record as of April 25, 2009. The quarterly dividend is unchanged from the dividends paid in 2008
