Bookrunner Raymond James helps sell 2.76 million shares at $13.00
By Devika Patel
Knoxville, Tenn., June 28 - First PacTrust Bancorp, Inc. said the underwriters for its public offering of stock opted to exercise the deal's $4.68 million greenshoe in full for total proceeds of $35.88 million. The deal was announced June 20 and priced for $31.2 million with the greenshoe on June 21.
The company sold 2.76 million common shares at $13.00 apiece. The price per share is a 2.99% discount to the June 20 closing share price of $13.40. Of the shares, 360,000 were part of the greenshoe.
Raymond James & Associates, Inc. was the bookrunning manager.
Proceeds will be used for possible acquisitions, support of organic growth, investments in subsidiaries, investments in securities and general corporate purposes.
The savings and loan holding company is based in Irvine, Calif.
| Issuer: | First PacTrust Bancorp, Inc.
|
| Issue: | Common stock
|
| Amount: | $35.88 million (including $4.68 million greenshoe)
|
| Shares: | 2.76 million
|
| Price: | $13.00
|
| Warrants: | No
|
| Bookrunner: | Raymond James & Associates, Inc.
|
| Lead managers: | D.A. Davidson & Co. and Sandler O'Neill & Partners, LP
|
| Co-managers: | Wunderlich Securities, Inc. and FIG Partners, LLC
|
| Announcement date: | June 20
|
| Pricing date: | June 21
|
| Settlement date: | June 28
|
| Stock symbol: | Nasdaq: BANC
|
| Stock price: | $13.40 at close June 20
|
| Market capitalization: | $163 million
|
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