MidSouth Bancorp To Offer $30 Million Of Common Shares
December 10, 2009 (FinancialWire) — MidSouth Bancorp, Inc. (AMEX: MSL) has launched an offering of up to $30 million of its common stock in an underwritten public offering with Howe Barnes Hoefer & Arnett, Inc. acting as sole book running manager.
The company said it intends to grant the underwriters an option to purchase up to an additional $4.5 million of common stock offered to cover over-allotments, if any.
MidSouth plans to use the net proceeds from the offering for general corporate purposes including ongoing and anticipated growth, which may include potential acquisition opportunities.
Louisiana-based MidSouth Bancorp is a bank holding company that offers a 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 AT
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