Cardinal Financial Corporation Announces Closing of Public Offering of 7,245,000 Shares of Common Stock.Business Editors TYSONS CORNER, Va.--(BUSINESS WIRE)--Jan. 8, 2004 Cardinal Financial Corporation announced today the closing of its public offering of 7,245,000 shares of common stock at a price of $7.10 per share. Of this amount, 6,300,000 shares were sold on December 23, 2003, and an additional 945,000 shares were sold on January 8, 2004 under the over-allotment option that the Company had granted the underwriters. Proceeds from the sale of its common stock, less the underwriting discount, totaled $48.4 million. The Company will use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to increase its capital to support future growth and expansion and for general corporate purposes. All of the shares sold in the offering were newly issued by the Company and represent new financing. The managing underwriters of the offering are Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . & Associates, Inc. and Legg Mason Wood Walker, Incorporated. A written prospectus relating to the offering may be obtained from Raymond James & Associates, Inc., 880 Carillon carillon, in music: see bell. carillon Musical instrument consisting of at least 23 cast bronze bells tuned in chromatic order. Usually located in a tower, it is played from a keyboard. Most carillons encompass three to four octaves. Parkway, St. Petersburg, Florida St. Petersburg (often shortened to St. Pete) is a city in Pinellas County, Florida, United States. The city is known as a vacation destination for North American and European vacationers, as well as a politically important battleground in U.S. Presidential politics. 33716. Cardinal Financial Corporation is the parent company of Cardinal Bank, N.A., a full service community bank and Cardinal Wealth Services, Inc, a full service investment services subsidiary. Cardinal Financial Corporation had assets of $563.3 million at September 30, 2003. Cardinal Bank, N.A. serves Northern Virginia with 11 conveniently located banking offices in Alexandria, Arlington, Fairfax City, Manassas, McLean, Reston, Sterling, Tysons Corner, Leesburg and Woodbridge. The Company's common stock and preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. are listed on the Nasdaq National Market under the symbol "CFNL" and "CFNLP CFNLP California Friday Night Live Partnership ," respectively. |
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