First Business Financial Services, Inc. Announces Pricing of $25.3 Million Common Stock Offering
05 Dezember 2012 - 3:19AM
First Business Financial Services, Inc. (Nasdaq:FBIZ) (the
"Company"), the parent company for First Business Bank and First
Business Bank - Milwaukee, announced today that it has priced a
public offering of 1,100,000 shares of common stock at $23.00 per
share. The Company expects to close the offering on Monday,
December 10, 2012. Stifel, Nicolaus & Company,
Incorporated is serving as lead manager and sole book runner and
Raymond James & Associates, Inc. and FIG Partners, LLC are
serving as co-managers for the offering. The Company has
granted the underwriters a 30-day option to purchase up to an
additional 165,000 shares, representing 15% of the total number of
shares to be sold by the Company in the offering, to cover
over-allotments, if any.
The Company expects that the net proceeds from this offering
will support the future growth of its organization by allowing the
Company to accelerate its organic growth in existing or new markets
and to potentially pursue opportunistic acquisitions of similar or
complementary financial services organizations. The immediate use
of the net proceeds from this offering will be to repay a portion
of the Company's existing subordinated debt.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any common shares, nor shall there
be any sale of such common shares in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering will be made only by means of a
prospectus, copies of which may be obtained by contacting Stifel,
Nicolaus & Company, Incorporated Attn: Prospectus Department,
One South Street, 15th Floor, Baltimore, MD 21202 or by telephone
at (855) 300-7136.
About First Business Financial Services,
Inc.
First Business Financial Services (Nasdaq:FBIZ) is a $1.2
billion Wisconsin-based bank holding company that specializes
in focused financial solutions for businesses, key executives, and
high net worth individuals through its operating companies. It
is the 2nd largest Wisconsin-based commercial bank holding company
listed on NASDAQ or the NYSE. Its companies include: First Business
Bank - Madison; First Business Bank - Milwaukee; First Business
Bank - Northeast; First Business Trust & Investments; First
Business Equipment Finance, LLC; and First Business Capital Corp.
For additional information, visit www.firstbusiness.com or call
(608) 238-8008.
The First Business Financial Services, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=2667
Forward Looking Statements
This press release includes "forward-looking" statements related
to First Business Financial Services, Inc. (the "Company") that can
generally be identified as describing the Company's future plans,
objectives or goals. Such forward-looking statements are subject to
risks and uncertainties that could cause actual results or outcomes
to differ materially from those currently anticipated. These
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995.
For further information about the factors that could affect the
Company's future results, please see the Company's prospectus filed
as part of a Registration Statement on Form S-1, annual report on
Form 10-K, quarterly reports on Form 10-Q and other filings with
the Securities and Exchange Commission.
CONTACT: James F. Ropella
Senior Vice President and Chief Financial Officer
(608) 232-5970
jropella@firstbusiness.com
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