FIG Has Raised More Than $4.6 Billion In Equity Capital In 139 Offerings
ATLANTA, February 11, 2018 — FNCB Bancorp, Inc. (Nasdaq: FNCB) has closed its underwritten public offering of 3,285,550 shares of its common stock at $7.00 per share.
The net proceeds totaled approximately $21.2 million after deducting underwriting discounts and estimated offering expenses. The offering included the full exercise by the underwriter to purchase an additional 428,550 shares.
FNCB Bancorp, Inc. intends to use the net proceeds from the offering for general corporate purposes, including the contribution of a portion of the proceeds to FNCB Bank, its wholly-owned subsidiary, as additional capital to support growth in its lending and investment operations.
The FIG team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; Dan Flaherty, Principal; and Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets.
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