Intervest Bancshares (NASDAQ:IBCA)
Historical Stock Chart
5 Years : From Dec 2008 to Dec 2013
Intervest Bancshares Corporation (the “Company”) (NASDAQ-GS: IBCA) today
announced that it has commenced an underwritten public offering of $40
million of its Class A common stock. Sandler O’Neill & Partners, L.P. is
acting as underwriter for the offering. The Company intends to grant the
underwriter a 30-day option to purchase up to an additional 15% of the
number of shares sold to the public to cover over-allotments, if any.
The Company intends to use the proceeds from the offering for general
corporate purposes, primarily to add capital to Intervest National Bank,
its bank subsidiary.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state where such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities law
of any state.
A registration statement relating to the securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. The offering
will be made only by means of a prospectus. Copies of the prospectus may
be obtained by contacting Sandler O’Neill & Partners, L.P. toll free at
Intervest Bancshares Corporation is a bank holding company. Its principal
operating subsidiary is Intervest National Bank, a nationally chartered
commercial bank that has its headquarters and full-service
banking office at One Rockefeller Plaza, in New
York City, and a total of six full-service banking offices
in Clearwater and Gulfport, Florida. Intervest Bancshares
Corporation's Class A Common Stock is listed on the NASDAQ Global Select
Market: Trading Symbol IBCA.