The option was granted in connection with the public offering of 4.19 million shares of common stock at a public offering price of $15.5 per share, which closed in September 2009.

Including the over-allotment option, the net proceeds to the company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be $9.1 million.

Sandler O'Neill + Partners served as sole bookrunning manager of the offering, and Keefe Bruyette & Woods, Scott & Stringfellow and FIG Partners were co-managers.

A service of YellowBrix, Inc.