The Barack Ferrazzano Financial Institutions Group acted as legal counsel to Keefe, Bruyette & Woods, Inc. ("KBW"), the sales agent connected to CNB Financial Corporation's ("CNB")(Nasdaq: CCNE) recently announced "at-the-market" offering of shares of common stock.
CNB, the parent company of CNB Bank, announced it has filed a prospectus supplement to its existing shelf registration statement relating to the sale of shares of its common stock having an aggregate value of up to $40 million through an “at-the-market” equity offering program. CNB intends to use the net proceeds from the offering for general corporate purposes, including potential future acquisitions and to support organic growth.
As sales agent, KBW may sell shares of common stock by any method permitted by law deemed to be an "at-the-market offering," including without limitation sales made directly on the Nasdaq Global Select Market, on any other existing trading market for the common stock, or to or through a market maker. Additionaly, KBW may also sell shares by negotiated transaction method.
Barack Ferrazzano's team was led by Robert M. Fleetwood and Bill Fay, assisted by Katherine Fritzi Getz.
To learn more about this transaction, visit: https://www.globenewswire.com/news-release/2019/11/12/1945993/0/en/CNB-Financial-Corporation-Announces-At-The-Market-Offering-of-Shares-of-Common-Stock.html