STILLWATER, Okla., April 26 /PRNewswire-FirstCall/ -- Southwest
Bancorp, Inc. (Nasdaq: OKSB), ("Southwest"), today announced that
it plans to publicly offer newly issued shares of its common stock
for gross proceeds of approximately $40
million. Stifel, Nicolaus & Company, Incorporated is the
sole book-running manager in the offering and Stephens Inc. will
serve as co-manager. It is expected that the underwriters will be
given a 30-day option to purchase up to an additional 15% of the
offered amount of common stock to cover any over-allotments. The
shares will be issued pursuant to a prospectus supplement filed as
part of an existing shelf registration statement filed with the
Securities and Exchange Commission ("SEC") on Form S-3 (File No.
333-165451).
(Logo:
http://www.newscom.com/cgi-bin/prnh/20011127/SOUTHWESTLOGO)
The proceeds from the offering will be used to increase the
Company's capital for regulatory purposes and for general corporate
purposes, including investment in its banking subsidiaries,
Stillwater National Bank and Trust Company or Bank of Kansas. Pending these uses, the Company may
invest net proceeds in marketable investment securities or
short-term, interest-bearing assets.
The Company has filed a registration statement (including a
prospectus and preliminary prospectus supplement) with the SEC for
the offering to which this communication relates. Before you
invest, you should read the prospectus in the registration
statement, the preliminary prospectus supplement, and other
documents the Company has filed with the SEC for more complete
information about the Company and this offering. You may get these
documents for free by visiting EDGAR on the SEC website at
www.sec.gov or the direct address for our filed documents at
http://www.sec.gov/Archives/edgar/data/914374/. Alternatively,
copies of the preliminary prospectus supplement and the prospectus
relating to the offering may be obtained by contacting Stifel,
Nicolaus & Company, Incorporated, Attention: Prospectus
Department, One South Street, 15th
Floor, Baltimore, Maryland 21202,
telephone: (443) 224-1988.
This press release does not constitute an offer to sell or
a solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any jurisdiction
in which such an offer, solicitation, or sale would be unlawful
prior to registration or qualification under the securities laws of
any such jurisdiction.
Southwest Bancorp, Inc. and Subsidiaries
Southwest Bancorp, Inc. is the bank holding company for
Stillwater National Bank and Trust Company and Bank of Kansas. Through its subsidiaries, Southwest
offers commercial and consumer lending, deposit, and investment
services and specialized cash management and other financial
services from offices in Oklahoma,
Texas, and Kansas and on the Internet, through SNB
DirectBanker®.
Caution about Forward-Looking Statements
This press release contains forward-looking statements
within the meaning of the Securities and Exchange Act of 1934, as
amended, including statements of goals, intentions, and
expectations as to future trends, plans, events or results of
Company operations and policies and regarding general economic
conditions. These forward-looking statements are based on current
expectations that involve risks, uncertainties, and assumptions.
Because of these uncertainties and the assumptions on which the
forward-looking statements are based, actual future operations and
results in the future may differ materially from those indicated
herein. Readers are cautioned against placing undue reliance on any
such forward-looking statements. For details on factors that could
affect these expectations, see the risk factors and other
cautionary language included in the Company's Annual Report on Form
10-K for the year ended December 31,
200, and other filings with the SEC. Except as required by law, the
Company does not undertake to update forward-looking statements
contained in this release.
SOURCE Southwest Bancorp, Inc.