MidSouth Bancorp Announces Full Exercise of Underwriters' Over-Allotment Option
January 07 2010 - 12:00PM
PR Newswire (US)
LAFAYETTE, La., Jan. 7 /PRNewswire-FirstCall/ -- MidSouth Bancorp,
Inc. ("MidSouth") (NYSE Amex: MSL), announced today that the
underwriters for MidSouth's recent public offering of 2,700,000
shares of common stock have exercised in full their over-allotment
option to purchase an additional 405,000 shares of MidSouth's
common stock. The Company received net proceeds of approximately
$4.9 million from the sale of the additional 405,000 shares of
common stock. Howe Barnes Hoefer & Arnett, Inc. acted as the
sole book running manager for the offering; Sterne, Agee &
Leach, Inc. and FIG Partners, LLC were co-managers. This
announcement shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any offer or sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. A registration statement relating to these securities
has been filed with the Securities and Exchange Commission. The
offering will be made only by means of the prospectus which is a
part of such registration statement. A copy of the prospectus may
be obtained from Howe Barnes Hoefer & Arnett, Inc. at 222 S.
Riverside Plaza, Chicago, Illinois 60606, 1-800-800-4693. About
MidSouth Bancorp, Inc. MidSouth Bancorp, Inc. is a bank holding
company headquartered in Lafayette, Louisiana with assets of $948
million as of September 30, 2009. Through our wholly owned
subsidiary, MidSouth Bank, N.A., we offer a full range of banking
services to commercial and retail customers in south Louisiana and
southeast Texas. MidSouth Bank has 35 locations in Louisiana and
Texas and more than 50 ATMs. Forward-Looking Statements Certain
statements contained herein are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 and subject to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, which involve risks and uncertainties. Actual
results may differ materially from the results anticipated in these
forward-looking statements. Factors that might cause such a
difference include, among other matters, changing market
conditions, economic conditions, credit quality, governmental
regulation and legislation, interest rates, and other factors
discussed in MidSouth's Registration Statement on Form S-1 related
to this offering and in its other filings with the SEC. MidSouth
does not undertake any obligation to publicly update or revise any
of these forward-looking statements, whether to reflect new
information, future events or otherwise, except as required by law.
DATASOURCE: MidSouth Bancorp, Inc. CONTACT: C.R. Cloutier or Jim
McLemore, both of MidSouth Bancorp, Inc., +1-337-237-8343
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