First Business Financial Services, Inc. Announces Closing of $25.3 Million Common Stock Offering
10 Dezember 2012 - 10:15PM
First Business Financial Services, Inc. (Nasdaq:FBIZ) (the
"Company"), the parent company for First Business Bank and First
Business Bank - Milwaukee, announced today the closing of its
previously announced public offering of 1,100,000 shares of common
stock at $23.00 per share resulting in aggregate gross proceeds of
$25.3 million. The shares sold do not include up to 165,000 shares
which may be purchased by the underwriters within 30 days pursuant
to their over-allotment option. The net proceeds of the offering
after deducting underwriting discounts and commissions and
estimated offering expenses were approximately $23.5 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.
"We are extremely excited to have completed this very successful
common equity raise," said Corey A. Chambas, President and Chief
Executive Officer. "We believe it positions First Business to fully
capitalize on the disruption that has taken place in the Wisconsin
banking environment, and to fulfill our growth and expansion
strategies."
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
First Business Financial... (NASDAQ:FBIZ)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
First Business Financial... (NASDAQ:FBIZ)
Historical Stock Chart
Von Jul 2023 bis Jul 2024