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Article: Emclaire Financial Corp. Announces Public Offering and Receipt of Approval for Listing on the NASDAQ Capital Market.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Emclaire Financial Corp. (the "Company"), the parent company of The Farmers National Bank of Emlenton (the "Bank"), announced that it has commenced an offering of approximately $20 million of its common stock in an underwritten public offering. Sandler O'Neill + Partners, L.P. is acting as lead book-running manager and Boenning & Scattergood, Inc., is acting as co-manager for the offering. The Company intends to grant the underwriters a 30 day option to purchase up to an additional 15% of the offered amount of common stock to cover over-allotments, if any.
The Company intends to use the net proceeds from this offering for general corporate purposes, including ...