MidSouth Bancorp (MSL) Commences $30M Stock Offering

MidSouth Bancorp, Inc. (Amex: MSL), announced today that it has commenced an offering of up to $30 million of its common stock in an underwritten public offering with Howe Barnes Hoefer & Arnett, Inc. acting as sole book running manager and Sterne, Agee & Leach, Inc. and FIG Partners, LLC serving as co-managers. MidSouth intends to grant the underwriters an option to purchase up to an additional $4.5 million of common stock offered to cover over-allotments, if any.

MidSouth plans to use the net proceeds from the offering for general corporate purposes including ongoing and anticipated growth, which may include potential acquisition opportunities.