|
|
Article: Bank of Florida Announces Public Offering.
- Article from:
- Business Wire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NAPLES, Fla. -- Bank of Florida Corporation (Nasdaq: BOFL) (the "Company") today announced that it has commenced an offering to sell shares of its common stock in an underwritten public offering. Raymond James & Associates, Inc. is acting as the lead book-running manager for the offering. Sandler O'Neill & Partners, L.P., Allen & Company LLC and Stifel, Nicolaus & Company, Incorporated are acting as co-managers for the offering. The Company intends to grant the underwriters an option to purchase additional shares equal to 15% of the numbers of shares offered to the public.
The Company expects to use approximately $71 million of the net proceeds from the offering ...