| Mid-South Bank sets secondary stock offering |
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Posted: Thursday, February 4, 2010 2:39 pm
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MidSouth Bank’s board of directors announces a secondary offering of preferred stock. The offer is exclusive to existing shareholders until March 1, 2010 and will be made available to the general public after that date.
There will be two informational meetings at the main office located at One East College Street, Murfreesboro, Tennessee, for anyone interested in details of this offering.
The meetings will take place on Tuesday, February 9th at 5:00 p.m. and Thursday, February 18th at 5:00 p.m.
The stock offering could raise as much as $15 million. The bank will use the additional capital to take advantage of future opportunities in Rutherford County and surrounding areas.
“As the only locally-owned and operated bank in Rutherford County, our talented team of bankers is ready to capitalize on the future economic growth of our area while remaining true to the hometown values and outstanding service that sets us apart,” says Lee Moss, chairman & CEO of MidSouth Bank. “This stock offering will put us in a better position to grow and prosper.”
MidSouth Bank was established in 2004 and has $250 million in assets, five offices in Rutherford County and employs 69 people. For more information on this offering and MidSouth Bank please visit www.midsouthbanking.com or any banking office.
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