Tennessee Commerce Bancorp, Inc. Completes Registered Direct Offering
21 12월 2009 - 8:30PM
Business Wire
Tennessee Commerce Bancorp, Inc. (NASDAQ: TNCC) announced today
that on Friday, December 18, 2009, it closed a registered direct
offering of 903,394 shares of its common stock to selected
affiliate and non-affiliate investors. The common stock was offered
without a placement agent, underwriter, broker or dealer directly
to affiliates at a price of $3.65 per share and directly to
non-affiliates at a price of $3.63 per share. The net proceeds from
the offering were approximately $3.2 million. Tennessee
Commerce Bancorp intends to use the net proceeds from the offering
for general corporate purposes. The proceeds from this offering
will improve the holding company’s liquidity.
A shelf registration statement on Form S-3 relating to these
securities was filed on July 20, 2009, and declared effective by
the Securities and Exchange Commission. A prospectus supplement
related to the offering was filed with the Securities and Exchange
Commission.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security, nor shall there be
any sale of these securities in any jurisdiction in which such
offer, solicitation, or sale would be unlawful. A copy of the final
prospectus supplement and accompanying base prospectus can be
obtained at the Securities and Exchange Commission’s website at
www.sec.gov or from Tennessee Commerce Bancorp, Inc. at 381 Mallory
Station Road, Suite 207, Franklin, Tennessee 37067.
About Tennessee Commerce
Bancorp, Inc.
Tennessee Commerce Bancorp, Inc. is the parent company of
Tennessee Commerce Bank. The Bank provides a wide range of banking
services and is primarily focused on business accounts. Its
corporate and banking offices are located in Franklin, Tennessee,
and it has loan production offices in Atlanta, Birmingham and
Minneapolis.
Forward Looking
Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including, but not limited to, statements regarding the
use of proceeds and our liquidity. We caution you not to place
undue reliance on the forward-looking statements contained in this
news release in that actual results could differ materially from
those indicated in such forward-looking statements because of a
variety of factors, including, without limitation, those factors as
set forth in our filings with the Securities and Exchange
Commission. We undertake no obligation to update these
forward-looking statements to reflect events or circumstances that
occur after the date on which such statements were made.
Additional information concerning Tennessee Commerce Bancorp can
be accessed at www.tncommercebank.com.
Tennessee Commerce Bancorp (TN) (MM) (NASDAQ:TNCC)
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Tennessee Commerce Bancorp (TN) (MM) (NASDAQ:TNCC)
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