BOCA RATON, Fla., Aug. 26 /PRNewswire-FirstCall/ -- 1st United Bancorp, Inc. ("1st United") (Pink Sheets: FSDB), the holding company for 1st United Bank, a Florida chartered commercial bank, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission with respect to a proposed public offering of common stock. 1st United intends to file an application to list its common stock for trading on the NASDAQ Global Market.
Stifel, Nicolaus & Company, Incorporated will serve as lead manager and sole book runner and Howe Barnes Hoefer & Arnett, Inc. and Sterne, Agee & Leach, Inc. will serve as co-managers. The offering will be made by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from Stifel, Nicolaus & Company, Incorporated Attn: Prospectus Department, One South Street, 15th Floor, Baltimore, MD 21202 or by telephone at 443-224-1988.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About 1st United Bancorp, Inc.
1st United is a financial holding company headquartered in Boca Raton, Florida. 1st United's principal subsidiary, 1st United Bank, is a Florida chartered commercial bank, which operates 12 branches in Southeast Florida, including Brevard, Broward, Indian River, Miami-Dade, and Palm Beach counties. 1st United's principal executive office and mailing address is One North Federal Highway, Boca Raton, FL 33432 and its telephone number is (561) 362-3435.
Forward Looking Statements
Any non-historical statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans and expectations that are subject to uncertainties and risks, which could cause 1st United's future results to differ materially. The following factors, among others, could cause our actual results to differ: 1st United's ability to execute its growth strategy, risks relating to the integration of acquired companies that have previously been operated separately, challenges posed by the current economic environment, disruptions in global financial markets, credit risk of 1st United's customers, effects of the on-going correction in residential real estate prices and reduced levels of home sales, sufficiency of 1st United's allowance for loan losses, changes in interest rates, access to funding sources, reliance on the services of executive management, competition for loans, deposits and investment dollars, reputational risk and social factors, changes in government regulations and legislation, increases in FDIC insurance assessments, geographic concentration of 1st United's markets, rapid changes in the financial services industry, exposure to intangible asset risk, and hurricanes and other adverse weather events, and 1st United's ability to manage the risks involved in the foregoing. Additional factors can be found in our filings with the SEC, which are available at the SEC's internet site (http://www.sec.gov/). Forward-looking statements in this press release speak only as of the date of the press release, and 1st United assumes no obligation to update forward-looking statements or the reasons why actual results could differ.
1st United Bancorp, Inc.
CONTACT: Rudy E. Schupp, Chief Executive Officer, +1-561-616-3029, or
John Marino, President and Chief Financial Officer, +1-561-616-3046
