Deal with $6.72 million greenshoe funds asset growth and expansion
By Devika Patel
Knoxville, Tenn., Feb. 12 - ConnectOne Bancorp, Inc. priced a $44.8 million public offering of stock with a $6.72 million greenshoe in a prospectus filed Tuesday with the Securities and Exchange Commission.
The company will sell 1.6 million common shares at $28.00 apiece.
Stifel, Keefe, Bruyette & Woods and Sandler O'Neill + Partners, LP are assisting.
Settlement is expected Feb. 15.
Proceeds will be used to support future asset growth and continued expansion of the bank's business.
The bank holding company is based in Englewood Cliffs, N.J.
| Issuer: | ConnectOne Bancorp, Inc.
|
| Issue: | Common shares
|
| Amount: | $44.8 million
|
| Greenshoe: | $6.72 million
|
| Shares: | 1.6 million
|
| Price: | $28.00
|
| Warrants: | No
|
| Pricing date: | Feb. 12
|
| Settlement date: | Feb. 15
|
| Stock symbol: | Nasdaq: | CNOB
|
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