{ "market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-18000", "open" : "", "close" : "", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000"}
ap

Eagle Bancorp prices 5.9M public stock offering

Eagle Bancorp prices 5.9M public stock offering to raise about $48M in gross proceeds

  • On 6:53 am EDT, Wednesday September 16, 2009

BETHESDA, Md. (AP) -- Eagle Bancorp Inc. said it priced a public offering of approximately 5.9 million shares of its common stock at $8.20 per share.

The offering is expected to raise $48 million in gross proceeds, EagleBank's parent company said late Tuesday. The company said it plans to use net proceeds for general corporate purposes such as potential acquisitions and paying back debt.

Eagle Bancorp gave underwriter Sandler O'Neill + Partners LP a 30-day option to buy up to an additional 878,040 shares to cover any overallotments.

The stock sale is targeted to close on Sept. 21.

Related Headlines

Top Stories

Related Message Boards

Sponsored Links

Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.