Click Cover to Read Digital Edition

AVAILABLE IN THE APP STORE
iPAD APP
iPHONE APP

UPCOMING EVENTS

 
EMERGE: The Forum on Consumer Financial Services Innovation
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
Digital Banking Summit
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
2014 RDC Summit
Sept. 30 - Oct. 2
Las Vegas
 
ATM, Debit & Prepaid Forum
October 19-22
JW Marriott Desert Ridge
Phoenix
 
Money2020
November 2-6
Aria
Las Vegas
More events >  

Share |

Print Friendly and PDF

First Business Financial Services Announces Underwriters' Exercise of Over-Allotment Option

 

Jan 2 - First Business Financial Services Inc. (Nasdaq:FBIZ), the parent company for First Business Bank and First Business Bank - Milwaukee, has announced the closing of the sale of 165,000 shares of its common stock pursuant to the underwriters' exercise of the over-allotment option, which the company granted in connection with its previously announced underwritten public stock offering. Together with the 1.10 million shares issued on Dec. 10, 2012, the company issued a total of 1.27 million shares of common stock in the underwritten public offering, at a price to the public of $23 per share, for gross proceeds of approximately $29.1 million. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses were approximately $27.1 million.

Stifel, Nicolaus & Co. Inc. served as sole book-running manager and Raymond James & Associates Inc. and FIG Partners LLC served as co-managers for the offering.

About First Business Financial Services Inc.
First Business Financial Services (NASDAQ: FBIZ) is a $1.2 billion Wisconsin-based bank holding company that specializes in focused financial solutions for businesses, key executives, and high net worth individuals through its operating companies. It is the second largest Wisconsin-based commercial bank holding company listed on NASDAQ or the NYSE. Its companies include: First Business Bank - Madison; First Business Bank - Milwaukee; First Business Bank - Northeast; First Business Trust & Investments; First Business Equipment Finance LLC; and First Business Capital Corp. For additional information, visit www.firstbusiness.com or call 608-238-8008.


Back