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.
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.