1st United Bancorp, Inc. Common Stock Offering Priced at $6.50 per Share

1st United Bancorp, Inc. FUBC, the holding company for 1st United Bank, a Florida chartered commercial bank, announced today the pricing of an underwritten public offering of 5,000,000 shares of its common stock at a price to the public of $6.50 per share for gross proceeds of $32,500,000.

The net proceeds to 1st United after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $30,475,000.