MidSouth Bancorp Announces Commencement of Common Stock Offering
10 December 2009 - 8:05AM
PR Newswire (US)
LAFAYETTE, La., Dec. 9 /PRNewswire-FirstCall/ -- MidSouth Bancorp,
Inc. ("MidSouth") (NYSE Amex: MSL), announced today that it has
commenced an offering of up to $30 million of its common stock in
an underwritten public offering with Howe Barnes Hoefer &
Arnett, Inc. acting as sole book running manager and Sterne, Agee
& Leach, Inc. and FIG Partners, LLC serving as co-managers.
MidSouth intends to grant the underwriters an option to purchase up
to an additional $4.5 million of common stock offered to cover
over-allotments, if any. MidSouth plans to use the net proceeds
from the offering for general corporate purposes including ongoing
and anticipated growth, which may include potential acquisition
opportunities. This announcement shall not constitute an offer to
sell or the solicitation of an offer to buy these securities, nor
shall there be any offer or sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. A registration statement
relating to these securities has been filed with the Securities and
Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. The
offering will be made only by means of a prospectus which is a part
of such registration statement. A copy of the preliminary
prospectus may be obtained from Howe Barnes Hoefer & Arnett,
Inc. at 222 S. Riverside Plaza, Chicago, Illinois 60606,
1-800-800-4693. About MidSouth Bancorp, Inc. MidSouth Bancorp, Inc.
is a bank holding company headquartered in Lafayette, Louisiana
with assets of $948 million as of September 30, 2009. Through our
wholly owned subsidiary, MidSouth Bank, N.A., we offer a full range
of banking services to commercial and retail customers in south
Louisiana and southeast Texas. MidSouth Bank has 35 locations in
Louisiana and Texas and more than 50 ATMs. Forward-Looking
Statements Certain statements contained herein are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934 and
subject to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, which involve risks and
uncertainties. Actual results may differ materially from the
results anticipated in these forward-looking statements. Factors
that might cause such a difference include, among other matters,
changing market conditions, MidSouth's ability to complete the
offering; and other factors discussed in MidSouth's Registration
Statement on Form S-1 related to this offering and in its other
filings with the SEC. MidSouth does not undertake any obligation to
publicly update or revise any of these forward-looking statements,
whether to reflect new information, future events or otherwise,
except as required by law. DATASOURCE: MidSouth Bancorp, Inc.
CONTACT: C.R. Cloutier or Jim McLemore, both of MidSouth Bancorp,
Inc., +1-337-237-8343
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