Bank of Wilmington Announces Common Stock Offering
October 29 2004 - 4:25PM
PR Newswire (US)
Bank of Wilmington Announces Common Stock Offering WILMINGTON,
N.C., Oct. 29 /PRNewswire-FirstCall/ -- Bank of Wilmington
(NASDAQ:BKWW), a North Carolina state-chartered bank headquartered
in Wilmington, North Carolina, announced today that it has
commenced a public offering of up to 400,000 shares of its common
stock. The Bank anticipates that the public offering will be priced
on or about November 22, 2004 and close on or about November 29,
2004. McKinnon & Company, Inc., Norfolk, VA, will be the sales
agent of the public offering on a best efforts basis. Bank of
Wilmington has reserved the right to sell up to an additional
60,000 shares in the public offering. The Bank intends to use the
proceeds of the offering to provide capital to support its
continued growth and for other general corporate purposes. As of
September 30, 2004, the Bank had total assets of approximately
$180.1 million, total loans of approximately $140.9 million, total
deposits of approximately $157.0 million and total shareholders'
equity of approximately $17.5 million. It operates three full
service banking offices in Wilmington and Hampstead, North
Carolina. To receive a copy of the Bank's preliminary offering
circular, contact McKinnon & Company, Inc., 555 Main Street,
Suite 1212, Norfolk, Virginia 23510, (757) 623-4636. This Press
Release is not an offer to sell or the solicitation of an offer to
buy our common stock, nor will there be any sale of our common
stock, in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any that state or
jurisdiction. Our common stock has not and will not be registered
under the Securities Act of 1933 in reliance on an applicable
exemption from such registration. We may not sell shares of our
common stock until we complete and deliver a definitive Offering
Circular, and offers of our stock are made only by our definitive
Offering Circular. The shares of our common stock are not savings
accounts or deposits, or obligations of or guaranteed by us, and
they are not insured by the Federal Deposit Insurance Corporation
or any other person or government agency. DATASOURCE: Bank of
Wilmington CONTACT: Cameron Coburn, President and Chief Executive
Officer of Bank of Wilmington, +1-910-509-2000 Web site:
http://www.bankofwilmington.com/
Copyright
Bank OF Wilmington (NASDAQ:BKWW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Bank OF Wilmington (NASDAQ:BKWW)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Bank OF Wilmington (NASDAQ): 0 recent articles
More Bank OF Wilmingtn/Nc (MM) News Articles