FNB United Corp. Announces Launch of at-the-Market Equity Offering
22 Mai 2012 - 2:28PM
FNB United Corp. (Nasdaq:FNBN) (the "Company"), the bank holding
company for CommunityOne Bank, N.A. and Bank of Granite (the
"Banks"), announced today that it has filed a prospectus supplement
under which it may from time to time sell up to two million shares
of its common stock pursuant to an at-the-market equity offering
program. The shares will be offered through Sandler O'Neill &
Partners, L.P. as sales agent. Sales, if any, would be made in
transactions that are deemed to be at-the-market offerings,
including sales made directly on the NASDAQ Capital Market or sales
made to or through a market maker other than on an exchange or by
privately negotiated transactions. The Company intends to use the
proceeds from any sales for general corporate purposes of the
Company or contributions to the capital of the Banks.
The Company has filed a registration statement (including a
prospectus and a prospectus supplement with the Securities and
Exchange Commission (the "SEC")) for the offering of the common
stock described in this communication. Sales in the offering, if
any, would be made pursuant to the prospectus supplement, dated May
21, 2012, to the Company's base prospectus, dated May 18, 2012,
filed as part of the Company's shelf registration statement on Form
S-3 (SEC File No. 333-180604). Before you invest, you should read
the prospectus, the prospectus supplement relating to the
at-the-market offering and other documents the Company has filed
with the SEC for more complete information about it and the
at-the-market offering program. You may obtain the prospectus
supplement and the related base prospectus by visiting EDGAR on the
SEC website at www.sec.gov, or the sales agent will arrange to send
you the prospectus supplement and the related base prospectus if
you request it by contacting Sandler O'Neill & Partners, L.P.,
1251 Avenue of the Americas, 6th floor, New York, New York 10020,
Attn: Syndicate, by emailing syndicate@sandleroneill.com or by
calling (866) 805-4128.
The offering will be made in compliance with the applicable
provisions of Rule 5121 of the Financial Industry Regulatory
Authority, or FINRA. This rule requires that a "qualified
independent underwriter" meeting certain standards participate in
the preparation of the registration statement and prospectus and
exercise the usual standards of due diligence with respect thereto.
FBR Capital Markets & Co. has assumed the responsibilities of
acting as a "qualified independent underwriter" within the meeting
of FINRA Rule 5121 in connection with the offering.
This press release is for informational purposes only and is not
an offer to sell or the solicitation of any offer to sell any
security of the Company, nor will there be any sale of any security
in any jurisdiction in which such offer, solicitation or sale would
be unlawful. The offering may be made only by means of a prospectus
supplement and related base prospectus.
Caution About Forward-looking Statements
Certain statements made in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that include projections, predictions,
expectations, or beliefs about events or results or otherwise are
not statements of historical facts, such as statements about the
sale of securities and the use of proceeds of the at-the-market
offering. Although the Company believes that its expectations with
respect to such forward-looking statements are based upon
reasonable assumptions within the bounds of its existing knowledge
of its business and operations, there can be no assurance that
actual results, performance or achievements of the Company will not
differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual events
or results to differ significantly from those described in the
forward-looking statements include, but are not limited to those
described in the cautionary language included under the headings
"Risk Factors" and in other sections of the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 2011, as
amended, Quarterly Report on Form 10-Q for the quarter ended March
31, 2012, those factors addressed in the Prospectus Supplement and
the related base prospectus in connection with the at-the-market
offering and other filings made with the SEC.
About FNB United Corp.
FNB United Corp. is the North Carolina-based bank holding
company for two historic community banks, CommunityOne Bank, N.A.
(MyYesBank.com) and Bank of Granite (BankOfGranite.com). Founded in
1907, CommunityOne operates 45 branches in 38 communities
throughout central, southern and western North Carolina. Founded in
1906, Bank of Granite operates 18 branches in western North
Carolina. Through its banking subsidiaries, FNB United offers a
full range of consumer, mortgage and business banking services,
including loan, deposit, cash management, wealth management and
online banking services.
CONTACT: Pam Cranford (336) 626-8300
InvestorRelations@MyYesBank.com
Tel: 336.626.8300
800.873.1172
Fnb United Corp. (MM) (NASDAQ:FNBN)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Fnb United Corp. (MM) (NASDAQ:FNBN)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024