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Great Western Bancorp completes stock offering.

Global Banking News-May 8, 2015--Great Western Bancorp completes stock offering

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Global Banking News - 08 May 2015

Great Western Bancorp Inc. (NYSE:GWB) has announced the closing of the previously announced underwritten public offering of 20 million shares of common stock and the full exercise of the underwriters' option to purchase an additional 3 million shares.

The 23 million shares of common stock sold by an affiliate of National Australia Bank Limited (NAB) (AX: NAB) (OTC: NABZY) were offered at a public offering price of USD21.50 per share.

Following the offering, NAB's ownership stake in GWB common stock has been reduced to 28.5 percent. GWB did not sell any shares in connection with the offering and did not receive any proceeds from the sale of shares by NAB.

BofA Merrill Lynch (NYSE: BAC), Deutsche Bank Securities (NYSE: DB) (DBK.DE) and J.P. Morgan Securities (NYSE: JPM) have acted as joint book-running managers and underwriters of the offering.

Great Western Bancorp Inc. is the holding company for Great Western Bank, a full-service regional bank serving its customers through 158 branches in seven states: South Dakota, Iowa, Nebraska, Colorado, Arizona, Kansas and Missouri.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:May 8, 2015
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