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Article: Union Bankshares Corporation Completes Common Stock Offering.
- Article from:
- Investment Weekly News
- Article date:
- October 3, 2009
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Union Bankshares Corporation (NASDAQ:UBSH) announced that it has completed its public offering of 4,725,000 shares of common stock at a price of $13.25 per share. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $58.8 million.
"We are very pleased with the success of our offering," stated G. William Beale, President and CEO of Union Bankshares Corporation. "We received strong institutional and retail demand for our stock, which shows that investors viewed Union as a premium company. The additional capital places us in a strong position to take advantage of ...