Carolina National Corporation Completes Common Stock Offering
December 20 2005 - 6:30PM
PR Newswire (US)
COLUMBIA, S.C., Dec. 20 /PRNewswire-FirstCall/ -- Carolina National
Corporation (NASDAQ:CNCP) today announced the closing of its public
common stock offering totaling 1,000,000 shares priced at $16.00
per share. Scott & Stringfellow, Inc., the sole underwriter of
the offering has a thirty day option to exercise the issuance of an
additional 150,000 shares. "Investor response to this offering far
exceeded our expectations," stated Roger Whaley, President and
Chief Executive Officer. "We are excited about the markets'
enthusiastic response and finally being listed on NASDAQ Capital
Market. This investment in our bank demonstrates confidence in our
continued growth strategy and our management." Carolina National
Corporation is the holding company for Carolina National Bank &
Trust Company, a full service community bank, conducting general
commercial and consumer banking business from three branches in the
greater Columbia, SC marketplace. DATASOURCE: Carolina National
Corporation CONTACT: Rollo Ingram, CFO, or Roger B. Whaley,
President & CEO, of Carolina National Corporation,
+1-803-779-0411 Web site: http://www.carolinanationalbank.com/
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