By Jennifer Chiou
New York, Sept. 23 - MidSouth Bancorp, Inc. registered up to $32 million of senior series B noncumulative perpetual preferred stock on behalf of selling holders, according to an S-3 filing with the Securities and Exchange Commission.
The preferreds were originally issued to the Treasury Department under the Small Business Lending Fund.
The holders may offer the securities from time to time directly or through underwriters, broker-dealers or agents and in one or more public or private transactions.
The company noted that it will not receive any proceeds from the sale of the securities.
Subject to regulatory approval, the preferreds are callable at any time.
MidSouth is based in Lafayette, La., and offers banking services to commercial and retail customers.
| Issuer: | MidSouth Bancorp, Inc.
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| Securities: | Series B noncumulative perpetual preferred stock
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| Amount: | Up to $32 million
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| Call option: | At any time subject to regulatory approval
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