1st United files $100 million shelf covering stock, preferreds, debt

By Devika Patel

Knoxville, Tenn., Nov. 23 - 1st United Bancorp Inc. filed a $100 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, debt securities, warrants and subscription rights.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

The financial holding company is based in Boca Raton, Fla.

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