TROY, Mich., Feb. 14, 2014
/PRNewswire/ -- Talmer Bancorp, Inc. (the "Company") (NASDAQ:
TLMR) today announced that it has closed its previously announced
initial public offering of 15,555,555 shares of Class A common
stock at a public offering price of $13.00 per share. Of the 15,555,555 shares sold,
3,703,703 shares were sold by the Company and 11,851,852 shares
were sold by certain selling shareholders. In addition, the
selling shareholders have granted the underwriters a 30-day option
to purchase up to an additional 2,333,333 shares of Class A common
stock to cover over-allotments, if any. The Company received
net proceeds of approximately $42.5
million from the offering, after deducting the underwriting
discounts and commissions and estimated offering expenses.
The Company did not receive any proceeds from the sale of shares by
the selling shareholders.
(Logo: http://photos.prnewswire.com/prnh/20120227/CL59542LOGO
)
Keefe, Bruyette & Woods, Inc. and J.P. Morgan Securities LLC
acted as joint book-running managers for the initial public
offering. Raymond James &
Associates, Inc., RBC Capital Markets, LLC and Sterne, Agee &
Leach, Inc. acted as co-lead managers and Sandler O'Neill &
Partners, L.P. acted as co-manager for the initial public
offering.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sale of, the
shares referred to in this press release in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction. A registration
statement relating to these securities was filed with and has been
declared effective by the Securities and Exchange Commission.
This offering was made solely by means of a written prospectus
forming part of the effective registration statement, which may be
obtained from Keefe, Bruyette & Woods, Inc., Attention: Equity
Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, telephone (800) 966-1559;
or from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone (866)
803-9204.
About Talmer Bancorp, Inc.
Headquartered in Troy,
Michigan, Talmer Bancorp, Inc. is the holding company for
Talmer Bank and Trust and
Talmer West Bank. These banks,
which principally operate through 94 branches in Michigan, Ohio, Indiana, Wisconsin, Illinois, Nevada and New
Mexico and 11 lending offices located primarily in the
Midwest, offer a full suite of commercial and retail banking,
mortgage banking, wealth management and trust services to small and
medium-sized businesses and individuals.
Forward-Looking Statements
Statements included herein may contain "forward-looking
statements." Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of assumptions, risks and uncertainties, which
change over time. Actual results may differ materially from those
anticipated in any forward-looking statements as a result of a
number of factors, including those described from time to time in
filings by the Company with the Securities and Exchange Commission.
The Company undertakes no duty to update any forward-looking
statement made herein. All forward-looking statements speak only as
of the date of this press release.
For further information contact:
Dennis Klaeser
248-649-2301
SOURCE Talmer Bancorp, Inc.