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Lakeland Financial closes public offering of common stock
Friday, November 20, 2009 3:53 AM


(Source: Datamonitor)trackingUS-based Lakeland Financial, the parent company of Lake City Bank, has completed its underwritten public stock offering by issuing 3.5 million shares of the company's common stock at a public offering price of $17 per share, for aggregate gross proceeds of $59.5 million.

The net proceeds to the company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $55.9 million.

Stifel, Nicolaus & Company acted as the bookrunning manager of the public offering, and Keefe, Bruyette & Woods and Howe Barnes Hoefer & Arnett acted as co-managers.

A service of YellowBrix, Inc.



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