Southwest Bancorp, Inc. Announces Issuance of an Additional $4.5 Million in Trust Preferred Securities Under Over-Allotment Opti
12 7월 2008 - 5:00AM
PR Newswire (US)
STILLWATER, Okla., July 11 /PRNewswire-FirstCall/ -- Southwest
Bancorp, Inc. (NASDAQ:OKSB), ("Southwest"), announced that
Southwest Capital Trust II (the "Trust"), a statutory trust formed
by Southwest under the laws of the State of Delaware, closed today
on the issuance and sale of $4,500,000 aggregate liquidation amount
of the Trust's 10.50% preferred securities ($25.00 liquidation
amount per security) pursuant to the exercise, in full, of an
over-allotment option granted to the underwriters of its recent
offering. This firm commitment underwriting was made through
Stifel, Nicolaus & Company Incorporated, Howe Barnes Hoefer
& Arnett, Inc., Sterne, Agee & Leach, Inc., and Morgan
Keegan and Company, Inc. (Logo:
http://www.newscom.com/cgi-bin/prnh/20011127/SOUTHWESTLOGO) The
proceeds from the sale of the Trust Preferred Securities, together
with the proceeds from the sale by the Trust of its common
securities to Southwest, were used by the Trust to purchase an
aggregate of $4,640,000 of Southwest's 10.50% junior subordinated
debentures due 2038. The Trust previously issued and sold
$30,000,000 of its 10.50% trust preferred securities on July 2,
2008 in the initial closing of the offering. Each Trust Preferred
Security pays cash distributions at the annual rate of 10.50% of
the stated liquidation amount of $25.00 per security, payable
quarterly in arrears beginning September 15, 2008. The stated
liquidation amount will be distributed to the holders on September
15, 2038, unless earlier redeemed. The Trust Preferred Securities
have been registered under the Securities Act of 1933, as amended,
pursuant to an effective registration statement on Form S-3 (File
Nos. 333-151384 and 333-151384-03). The Trust Preferred Securities
are listed on the Nasdaq Global Select Market under the symbol
"OKSBP". This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale
of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The Trust Preferred Securities are offered only by the prospectus
and related prospectus supplements. Copies of the prospectus
supplement and the prospectus relating to the offering of the Trust
Preferred Securities may be obtained from Stifel, Nicolaus &
Company, Incorporated, One Financial Plaza, 501 North Broadway, St.
Louis, Missouri, 63102 or toll-free at 1-800-729-6888. Southwest
Bancorp, Inc. and Subsidiaries Southwest Bancorp is the financial
holding company for Stillwater National Bank and Trust Company,
Bank of Kansas, SNB Bank of Wichita, Healthcare Strategic Support,
Inc., and Business Consulting Group, Inc. Through its subsidiaries,
Southwest offers commercial and consumer lending, deposit, and
investment services, and specialized cash management, consulting,
and other financial services from offices in Oklahoma City,
Stillwater, Tulsa, and Chickasha, Oklahoma; Austin, Dallas,
Houston, San Antonio, and Tilden, Texas; and Hutchinson, South
Hutchinson, Kansas City, and Wichita, Kansas, and on the Internet,
through SNB DirectBanker(R).
http://www.newscom.com/cgi-bin/prnh/20011127/SOUTHWESTLOGO
http://photoarchive.ap.org/ DATASOURCE: Southwest Bancorp, Inc.
CONTACT: Rick Green or Kerby Crowell, both of Southwest Bancorp,
Inc., +1-405-372-2230 Web site: http://www.oksb.com/
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