Published on 6/30/2011 in the Prospect News PIPE Daily.
ServisFirst completes $10.2 million shares sale with $758,280 tranche
Common shares sold in two tranches at $30.00 per share
By Devika Patel
Knoxville, Tenn., June 30 - ServisFirst Bancshares, Inc. settled a $758,280 tranche of a private placement of stock on June 30, according to an 8-K filed Thursday with the Securities and Exchange Commission. It raised $9.44 million on May 9 for a total of $10.2 million.
The company sold 314,724 common shares at $30.00 per share in the first tranche and 25,276 shares at the same price in the second.
ServisFirst is based in Birmingham, Ala.
| Issuer: | ServisFirst Bancshares, Inc.
|
| Issue: | Common stock
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| Amount: | $10.2 million
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| Shares: | 340,000 (314,724 in first tranche, 25,276 in second)
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| Price: | $30.00
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| Settlement date: | May 9 (for $9,441,720), June 30 (for $758,280)
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