New Issue: First Keystone Financial negotiates $6.5 million sale of stock

By Sheri Kasprzak

New York, Dec. 8 - First Keystone Financial, Inc. priced a $6,499,584 private placement.

The offering includes up to 400,000 shares with 368,880 shares priced at $16.00 each and 31,120 shares at $19.20 each. The shares priced at $19.20 will be purchased by insiders of the company.

Sandler O'Neill & Partners, LP is the placement agent.

First Keystone, based in Media, Pa., is the holding company for First Keystone Bank, a federally chartered savings and loan.

Issuer:	First Keystone Financial, Inc.
Issue:	Stock
Amount:	$6,499,584
Shares:	400,000
Price:	$16.00 for 368,880 shares; $19.20 for 31,120 shares
Warrants:	No
Placement agent:	Sandler O'Neill & Partners, LP
Pricing date:	Dec. 4
Stock symbol:	Nasdaq: FKFS
Stock price:	$19.22 at close Dec. 4

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