MidSouth Bank has priced its stock offering and expects to raise $32.4 million from the sale of shares. The company will offer 2.7 million shares of stock at $12.75 each. The sale of the stock is expected to close by Tuesday. The Lafayette-based bank has said it might use the money to pay for potential mergers and acquisitions; according to American Banker MidSouth CEO Rusty Cloutier has expressed interest in working with the FDIC to take over failed banks in other states.
MidSouth prices stock offering
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