FIG Partners Served As Sole Book-Running Manager In $63.25 Million Stock Offering For Select Bancorp, Inc.

FIG Has Raised More Than $4.5 Billion In Equity Capital In 135 Offerings

ATLANTA, Aug. 30, 2018 — Select Bancorp, Inc. (NASDAQ:SLCT), the holding company for Select Bank & Trust Company, has closed its underwritten public offering of 5,270,834 shares of common stock at $12.00 per share.

FIG Served As Sole Book-Running Manager In $63.25 Million Stock Offering For Select Bancorp

The net proceeds totaled approximately $59.8 million after deducting the underwriting discounts, commissions and estimated offering expenses. The offering included the full exercise by the underwriter to purchase an additional 687,500 shares of common stock. Select Bancorp, Inc. intends to use the net proceeds to make investments in the Bank, to enhance the capital position of the holding company and the Bank, and for general corporate purposes.

The FIG team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; John Schramm, Principal; Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets; Nick Bach, Senior Vice President; and Jerad Comarda, Vice President.

More information is available here.

Since 2003, FIG has been the trusted advisor to community banks and investors. To learn more about FIG’s investment banking services, visit www.figpartners.com.