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Article: Bank of Florida Announces Public Offering.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Bank of Florida Corporation (Nasdaq: BOFL) (the "Company") 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 to capitalize its ...