The company has also announced that the underwriters partially exercised its over-allotment option and have purchased an additional 266,673 shares of newly issued common stock. The company had granted the underwriters an over-allotment option to purchase an additional 1.74 million shares.

The company has said that the net proceeds from the offering, including the partial exercise of the over-allotment option, were approximately $217 million after deducting underwriting commissions but before offering expenses. The net proceeds from the offering qualify as tangible common equity and tier one capital and will be used for working capital and general corporate purposes.

JP Morgan Securities acted as the sole book-running manager. Robert W Baird and Company, William Blair & Company, Keefe, Bruyette & Woods, and SunTrust Robinson Humphrey were co-managers.

A service of YellowBrix, Inc.