Key Developments For Pacific Continental Corporation
Pacific Continental Corporation (PCBK.O) (Nasdaq)
Pacific Continental Corp. Declares Quarterly Cash Dividend
Pacific Continental Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share payable December 15, 2009, to shareholders of record on December 4, 2009. The $0.01 per share dividend is a reduction from the $0.04 dividend rate paid during the third quarter of 2009.
Pacific Continental Corp. Announces Closing of $48.3 Million Public Offering of Common Stock
Pacific Continental Corp. announced that it has raised $48.3 million through its previously announced underwritten public offering by issuing 5.52 million shares of its common stock, including 720,000 shares pursuant to the underwriters' over-allotment option, at a price of $8.75 per share. The net proceeds to the Company, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $45.7 million. D.A. Davidson & Co. served as lead book-running manager of the offering, and Howe Barnes Hoefer & Arnett served as co-manager.
Pacific Continental Corp. Announces Pricing Of Upsized $42 Million Public Offering of Common Stock
Pacific Continental Corp. announced that it increased the amount of common stock to be sold in its underwritten public offering to $42 million, and priced the offering at $8.75 per share, for a total of 4.8 million shares. The net proceeds to the Company, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $39.7 million. D.A. Davidson & Co. is serving as lead book running manager of the offering,. The Company has granted the underwriters a 30 day option to purchase up to an additional 720,000 shares of common stock to cover over allotments, if any. The Company intends to use the net proceeds from the offering for general corporate purposes including organic growth and opportunistic acquisitions. The Company expects to close the transaction, on or about October 20, 2009.
Pacific Continental Corp. Announces Commencement Of $35 Million Public Offering Of Common Stock
Pacific Continental Corp. announced that it has commenced an offering of approximately $35 million of its common stock in an underwritten public offering. D.A. Davidson & Co. is serving as book running manager of the offering, and Howe Barnes Hoefer & Arnett is serving as co-manager. The Company intends to grant the underwriters a 30 day option to purchase up to an additional 15% of the common stock sold in the offering to cover over-allotments, if any. The Company intends to use the net proceeds from the offering for general corporate purposes including organic growth and opportunistic acquisitions.
Pacific Continental Corp. Declares Quarterly Cash Dividend
Pacific Continental Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share payable September 15, 2009, to shareholders of record on September 4, 2009.
