FIG Has Raised $4.3 Billion In Equity Capital In 132 Offerings
ATLANTA, June 19, 2018 — First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) has announced the pricing of an underwritten public offering of 947,368 shares of common stock at $38.00 per share for gross proceeds of approximately $36,000,000.
First Mid-Illinois Bancshares, Inc. (First Mid) has granted the underwriters an option to purchase an additional 15% of shares of its common stock. First Mid intends to use the proceeds from the offering for general corporate purposes, including its previously announced proposed acquisition of SCB Bancorp, Inc.
The FIG team included Greg Gersack and Matthew Veneri, Managing Principals and Co-Heads of Investment Banking; Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets; and Jason Werner, Vice President.