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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Jul. 30, 5:15 AM

Slide #21. BNC Bancorp Secondary Offering

Company: BNC Bancorp (NASDAQ:BNCN)
Date announced: 7/20/2016
Shares Offered: 2,500,000
Date of Pricing: 7/21/2016
Price Per Share: $22.00
Secondary Offering Details: BNC Bancorp ("BNC") (NASDAQ: BNCN), the holding company for Bank of North Carolina (the "Bank"), announced today that it has commenced an underwritten public offering of shares of its common stock. BNC intends to grant the underwriters a 30-day option to purchase additional shares of its common stock. -updated 7/21- BNC Bancorp ("BNC") (NASDAQ: BNCN), the holding company for Bank of North Carolina (the "Bank"), announced today the pricing of an underwritten public offering of 2,500,000 shares of its common stock at a price of $22.00 per share. BNC has granted the underwriters a 30-day option to purchase up to an additional 375,000 shares. BNC expects to complete the offering on or about July 26, 2016. The offering is expected to result in gross proceeds of $55.0 million and net proceeds of approximately $51.8 million, after underwriting discounts and estimated offering expenses. The shares will be issued pursuant to an automatic shelf registration statement (File No. 333-212581) and a prospectus supplement filed with the Securities and Exchange Commission (the "SEC"). Copies of the prospectus supplement and the accompanying prospectus are available by visiting the SEC's website at, or from Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201, Attn: Syndicate (1-800-643-9691).

BNC Bancorp is a bank holding company. Through its subsidiary, Bank of North Carolina (the Bank), Co. provides a range of banking services. Co. is mainly engaged in accepting deposits from the general public and using those deposits, together with other funding from its lines of credit, to make primarily consumer and commercial loans. Co. also provides other banking services, including products such as checking and savings accounts. At Dec 31 2015, Co., through the Bank, operated 62 banking offices, including 36 branches in North Carolina, 17 branches in South Carolina and nine branches in Virginia. At Dec 31 2015, Co. had total assets of $5.67 billion and total deposits of $4.74 billion.

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Company Name:  BNC Bancorp
Sector:  Banking & Savings
Number of ETFs Holding BNCN:  24
Total Market Value Held by ETFs:  $27.34M
Total Market Capitalization:  $999.00M
% of Market Cap. Held by ETFs:  2.74%

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July 30, 2016    5:15 AM Eastern
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