Business Services Industry
Stillwater-based Southwest Bancorp to offer shares
Journal Record, The (Oklahoma City), May 3, 2005 by Journal Record Staff
Stillwater-based Southwest Bancorp has filed a registration statement with the Securities and Exchange Commission for a public offering of up to 2,235,256 shares of common stock. Southwest currently has 12.2 million shares outstanding valued at $239.3 million.
In Nasdaq trading Monday, Southwest Bancorp closed down 5 cents at $18.81.
The offering by the parent company of the Stillwater National Bank and Trust and SNB Bank of Wichita said the offering includes 1.6 million newly issued shares to be offered by Southwest, an additional 246,902 newly issued shares in an over-allotment option granted to the underwriters and up to 342,340 shares offered by selling shareholders.
The shares will be offered in a firm commitment underwriting through Stifel, Nicolaus & Co. Edward Jones; Friedman, Billings, Ramsey & Co., Keefe, Bruyette & Woods and SunTrust Robinson Humphrey. The price per share of the common stock to be offered will be determined based upon market factors.
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