Macquarie Capital and Keefe, Bruyette & Woods to assist as bookrunners
By Devika Patel
Knoxville, Tenn., March 29 - Tompkins Financial Corp. priced a $35 million public sale of stock with a $5.25 million greenshoe in a prospectus supplement filed Thursday with the Securities and Exchange Commission. The deal was announced Tuesday.
The company will sell 875,000 common shares at $40.00 apiece. The price per share is a 3.08% discount to the March 28 closing share price of $41.27.
Macquarie Capital and Keefe, Bruyette & Woods are the joint bookrunning managers.
Settlement is expected April 3.
Proceeds will be used for general corporate purposes.
Tompkins Financial is an Ithaca, N.Y.-based multibank holding company.
| Issuer: | Tompkins Financial Corp.
|
| Issue: | Common shares
|
| Amount: | $35 million
|
| Greenshoe: | $5.25 million
|
| Shares: | 875,000
|
| Price: | $40.00
|
| Warrants: | No
|
| Bookrunners: | Macquarie Capital and Keefe, Bruyette & Woods
|
| Announcement date: | March 27
|
| Pricing date: | March 29
|
| Settlement date: | April 3
|
| Stock symbol: | Amex: TMP
|
| Stock price: | $41.27 at close March 28
|
| Market capitalization: | $453.53 million
|
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