CommerceFirst Bancorp Files Registration Statements
18 12월 2004 - 8:57AM
PR Newswire (US)
CommerceFirst Bancorp Files Registration Statements ANNAPOLIS, Md.,
Dec. 17 /PRNewswire-FirstCall/ -- CommerceFirst Bancorp, Inc.
(OTC:CMFB) (BULLETIN BOARD: CMFB) , the bank holding company for
CommerceFirst Bank, announced today that it has filed with the
Securities and Exchange Commission registration statements in
connection with proposed public offerings of its common stock.
CommerceFirst Bancorp is offering of up to 175,000 shares of its
common stock on a rights offering basis to shareholders of record
on December 9, 2004. The subscription price in the rights offering
is $10.50 per share. Eligible shareholders will be entitled to
purchase one share of common stock for each 4.69 shares of common
stock owned on the record date, and to oversubscribe. Any shares
that are not subscribed for in the rights offering, plus an
additional 525,000 shares, will be offered to the public on a best
efforts basis by McKinnon & Company, Inc. as the underwriter.
CommerceFirst Bancorp reserves the right, in its sole discretion,
to increase the total number of shares offered in the public
offering by not more than 105,000 shares. The price at which shares
will be offered in the public offering has not yet been determined.
The rights and public offerings are expected to close during the
first quarter of 2005. Copies of the prospectus for the rights
offering, when available, will be mailed to shareholders eligible
to participate in the rights offering, or may be obtained from
CommerceFirst Bancorp, Inc.: 1804 West Street, Annapolis, Maryland
21404; Attention: Lamont Thomas. Copies of the prospectus for the
public offering, when available, may be obtained by contacting:
McKinnon & Company, Inc., 555 Main Street, Norfolk, Virginia
23510, (757) 623-4636. Registration statements relating to these
securities have been filed with the Securities and Exchange
Commission but have 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. 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 state in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such state. Forward Looking Statements. This press release includes
forward looking statements within the meaning of Section 21(e) of
the Securities Exchange Act of 1934. These statements are based on
the Company's current expectations and estimates as to prospective
events and circumstances that may or may not be in the Company's
control and as to which there can be no firm assurances given.
These forward looking statements are subject to risks and
uncertainties; there can be no assurance that any of these forward
looking statements may prove to be correct and actual results may
differ materially. These risks and uncertainties include, but are
not limited to, the risks related to the Company's ability to
complete the underwritten public offering registration. DATASOURCE:
CommerceFirst Bancorp, Inc. CONTACT: Richard J. Morgan, President
and Chief Executive Officer of CommerceFirst Bancorp, Inc.,
+1-410-280-6695 Web site: http://www.commerce1st.com/
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