MetroCorp Bancshares Prices Public Offering of 4,445,000 Shares of its Common Stock at $9.00 - Mountain Commerce Bancorp (OTC:MCBI)

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MetroCorp Bancshares (Nasdaq: MCBI) announced that it has priced a registered public offering of 4,445,000 shares of its common stock at $9.00 per share. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $37.3 million. Keefe, Bruyette & Woods, Inc. is acting as the sole underwriter for the offering. The Company has also granted the underwriter a 30-day option to purchase an additional 666,750 shares of common stock on the same terms and conditions to cover over-allotments, if any.

27% profit every 20 days?

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