Main Street Banks (NASDAQ:MSBK)
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Main Street Banks Announces Proposed Offering of Stock
ATLANTA, Nov. 29 /PRNewswire-FirstCall/ -- Main Street Banks, Inc.
(NASDAQ:MSBK), the largest community banking company in the Atlanta area,
announced today that it has filed a prospectus supplement with the Securities
and Exchange Commission for a proposed offering of 1,500,000 shares of its
common stock plus up to 225,000 additional shares pursuant to a 30-day over-
allotment option to the underwriters, Raymond James & Associates, Inc. and
SunTrust Robinson Humphrey. The offering is being made pursuant to a shelf
registration statement previously filed with the Securities and Exchange
Commission.
The common stock offering may be made only by means of a prospectus and related
prospectus supplement. When available, copies of the prospectus supplement and
the accompanying prospectus relating to the offering may be obtained from
Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida
33716.
Main Street Banks' common stock is traded on the NASDAQ National Market System
under the symbol "MSBK."
This press release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
About Main Street
Main Street Banks, Inc., a $2.3 billion asset, community banking organization
based in metropolitan Atlanta, provides a broad range of banking, brokerage,
insurance, and mortgage products and services through its 22 banking centers
located in eighteen of Georgia's fastest growing communities. Main Street is
the largest community banking organization in the Atlanta metropolitan area.
Forward-Looking Statements
This press release contains forward-looking statements as defined by federal
securities laws. Statements contained in this press release which are not
historical facts are forward-looking statements. Such statements include
expectations as to the completion, size and timing of the offering. A number of
risks and uncertainties could cause actual events to differ from Main Street
Banks' expectations indicated by these forward-looking statements. These risks
include successful completion of the offering and other risks addressed in Main
Street Banks' filings with the Securities and Exchange Commission. Main Street
Banks undertakes no obligation to update these statements following the date of
this press release. In addition, Main Street Banks, through its senior
management, may from time to time make forward- looking public statements
concerning the matters described herein. Such forward-looking statements are
necessarily estimates reflecting the best judgment of Main Street Banks' senior
management based upon current information and involve a number of risks and
uncertainties. Certain factors which could affect the accuracy of such
forward-looking statements are identified in the public filings made by Main
Street Banks with the Securities and Exchange Commission, and forward-looking
statements contained in this press release or in other public statements of
Main Street Banks or its senior management should be considered in light of
those factors. There can be no assurance that such factors or other factors
will not affect the accuracy of such forward-looking statements.
DATASOURCE: Main Street Banks, Inc.
CONTACT: Edward C. Milligan, Chairman & CEO, +1-770-422-2888, or Samuel
B. Hay III, President & COO, +1-770-385-2424, both of Main Street Banks
Web site: http://www.mainstreetbank.com/