Sole Bookrunner
BNC Bancorp
Equity Capital Markets
Follow-On Offering
Transaction Details
- On November 16, 2015, BNC Bancorp (NASDAQ: BNCN) (“BNC” or the “Company”) announced the pricing of a follow-on offering for a deal value of $52.9 million
- The deal priced 2,250,000 shares of common stock at $23.50 per share
- The offering consisted of 100% primary shares
- Proceeds from the offering will be used for general corporate purposes, including payment of the cash portion of the consideration in the High Point merger
- Stephens Inc. served as the Sole Bookrunner in the offering
About the company
BNC Bancorp is the one-bank holding company of Bank of North Carolina. Headquartered in High Point, NC, BNC Bancorp is approximately $5.2 billion in assets and operates 64 locations throughout North Carolina, South Carolina and Virginia. BNC is primarily engaged in the business of attracting deposits from the general public and using those deposits, along with other funding from lines of credit, to make primarily consumer and commercial loans. Visit www.bncbancorp.com for more information.
Sources: Company filings.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.