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SEC OK'S REGISTRATION OF $12 MILLION DEPOSITARY SHARES OF CAPITAL BANCORPORATION

 SEC OK'S REGISTRATION OF $12 MILLION DEPOSITARY
 SHARES OF CAPITAL BANCORPORATION
 CAPE GIRARDEAU, Mo., June 12 /PRNewswire/ -- The Securities and Exchange Commission today declared effective the Registration Statement of Capital Bancorporation, Inc. (NASDAQ-NMS: CABK; CABKZ) clearing the way for the proposed issuance and sale of a $12 million issue of depositary shares each representing a 1/25th interest in a share of Capital Bancorporation, Inc.'s series C 9.75 percent increasing rate, redeemable, cumulative preferred stock. The 600,000 depositary shares are being offered to the public at the public offering price of $20 per depositary share through an underwriting group managed by Stifel, Nicolaus & Company, Incorporated. The underwriters have a 30-day option permitting the purchase of up to 90,000 additional depositary shares to cover any over-allotment. The issue, which is non-callable for three years, will have an increasing dividend rate in the fourth, fifth and sixth years of 10.00 percent, 10.25 percent and 10.50 percent, respectively. The gross spread is 80 cents per depositary share; selling concession is 40 cents per depositary share and the reallowance is 10 cents per depositary share.
 Capital Bancorporation, Inc. operates seventeen banking locations through five subsidiary banks in southeastern, central and eastern Missouri. The common stock is listed on the NASDAQ National Market System as "CABK." The depositary shares are listed on the NASDAQ National Market System as "CABKZ."
 -0- 6/12/92
 /CONTACT: David Collier of Doremus & Company, 314-334-0700, for Capital Bancorporation/
 (CABK) CO: Capital Bancorporation, Inc. ST: Missouri IN: FIN SU: OFR


TQ-LR -- NY083 -- 9895 06/12/92 18:45 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
Words:265
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