LEAWOOD, Kan., July 1 /PRNewswire/ -- Gold Banc, (Nasdaq: GLDB), announced
today the closing of a secondary offering of 751,045 shares of common stock at
a price of $12.00 per share. The Company also announced the closing of the
underwriters' overallotment option for 112,655 shares of common stock.
These were not newly issued shares and therefore the Company did not
receive any of the proceeds from the sale of stock. This transaction does not
affect the total number of shares of Gold Banc common stock outstanding,
currently 17,181,618 shares.
The offering was made through an underwriting group led by Advest, Inc.
The estimated net proceeds to the selling stockholders prior to the exercise
of the overallotment option was $8.49 million. The underwriter noted that the
offering was oversubscribed, suggesting solid investor demand for Gold Banc
stock. A copy of the final prospectus relating to these securities can be
obtained from the offices of the underwriters.
Gold Banc is one of the country's fastest growing community bank and
financial services holding companies with $1.15 billion in total assets as of
March 31, 1999.
SOURCE Gold Banc Corporation, Inc.
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Related links:
http://www.goldbanc.com
CONTACT:
Keith E. Bouchey, Exec. V.P. & CFO, e-mail,
keithb@goldbanc.com or Brian J. Ruisinger, Investor Relations,
e-mail, brianr@goldbanc.com, of Gold Banc, 913-451-8050; or
General Information, Mike Arneth, 312-640-6734, e-mail,
mga@chi.frbd.com, Analysts or Investors, Paul Scheeler,
312-640-6742, e-mail, pas@chi.frbd.com or Media Inquiries, Joyce
Hanson, 312-640-6756, e-mail, jph@chi.frbd.com, all of The
Financial Relations Board
NOTE TO EDITORS: For more information on Gold Banc toll-free via
fax, simply dial 1-800-PRO-INFO, follow the voice menu prompts
and enter the company code "GLDB" on any touch tone phone, or
visit the Gold Banc page on FRB's web site at:
http://www.frbinc.com
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