STILLWATER, Okla., April 27 /PRNewswire-FirstCall/ -- Southwest
Bancorp, Inc. (Nasdaq: OKSB), ("Southwest"), today announced that
it has priced its underwritten public offering of 4,000,000 shares
of common stock at a price to the public of $12.50 per share for net proceeds of
approximately $47.0 million.
The offering was increased from the previously announced
offering size of approximately $40
million. The offering is expected to close on
April 29, 2010.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20011127/SOUTHWESTLOGO)
The proceeds from the offering will be used to increase the
Company's working capital and for general corporate purposes,
including investment in its banking subsidiaries, Stillwater
National Bank and Trust Company and Bank of Kansas. Pending these uses, the Company may
invest net proceeds in marketable investment securities or
short-term, interest-bearing assets.
Stifel, Nicolaus & Company, Incorporated is the sole
book-running manager in the offering. The co-manager is
Stephens Inc. The Company has granted to the underwriters a
30-day option to purchase up to an additional 600,000 shares of
common stock to cover over-allotments, if any.
The Company has filed a registration statement (including a
prospectus and prospectus supplement) with the SEC for the offering
to which this communication relates. Before you invest, you should
read the prospectus in the registration statement, the preliminary
prospectus supplement, and other documents the Company has filed
with the SEC for more complete information about the Company and
this offering. You may get these documents for free by visiting
EDGAR on the SEC website at www.sec.gov or the direct address for
our filed documents at
http://www.sec.gov/Archives/edgar/data/914374/.
Alternatively, copies of the prospectus supplement and the
prospectus relating to the offering may be obtained by contacting
Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus
Department, One South Street, 15th
Floor, Baltimore, Maryland 21202,
telephone: (443) 224-1988.
This press release does not constitute an offer to sell or
a solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any jurisdiction
in which such an offer, solicitation, or sale would be unlawful
prior to registration or qualification under the securities laws of
any such jurisdiction.
Southwest Bancorp, Inc. and Subsidiaries
Southwest Bancorp, Inc. is the bank holding company for
Stillwater National Bank and Trust Company and Bank of Kansas. Through its subsidiaries, Southwest
offers commercial and consumer lending, deposit, and investment
services and specialized cash management and other financial
services from offices in Oklahoma,
Texas, and Kansas and on the Internet, through SNB
DirectBanker®.
Caution about Forward-Looking Statements
This press release contains forward-looking statements
within the meaning of the Securities and Exchange Act of 1934, as
amended, including statements of goals, intentions, and
expectations as to future trends, plans, events or results of
Company operations and policies and regarding general economic
conditions. These forward-looking statements are based on current
expectations that involve risks, uncertainties, and assumptions.
Because of these uncertainties and the assumptions on which the
forward-looking statements are based, actual future operations and
results in the future may differ materially from those indicated
herein. Readers are cautioned against placing undue reliance on any
such forward-looking statements. For details on factors that could
affect these expectations, see the risk factors and other
cautionary language included in the Company's Annual Report on Form
10-K for the year ended December 31,
200, and other filings with the SEC.
Except as required by law, the Company does not undertake to update
forward-looking statements contained in this release.
SOURCE Southwest Bancorp, Inc.