Cozen O’Connor Represents FNCB Bancorp, Inc. in $20 Million Common Stock Offering

Monday, February 11, 2019

Pittsburgh, February 11, 2019 — The Corporate Practice at Cozen O’Connor represented FNCB Bancorp, Inc., the holding company for FNCB Bank, in an underwritten public offering of 3,285,550 shares of its common stock, which includes 428,550 shares of common stock issued upon the exercise in full of the option to purchase additional shares granted to the underwriters, at a public offering price of $7.00 per share, less an underwriting discount of $0.35 per share. The net proceeds to FNCB Bancorp, after deducting underwriting discounts and estimated offering expenses, are expected to be approximately $21.2 million. The offering closed on February 8, 2019.

Performance Trust Capital Partners, LLC, served as the sole bookrunning manager and FIG Partners, LLC, served as the lead manager for the offering.

FNCB Bancorp, Inc. is the bank holding company of FNCB Bank. Locally based for more than 100 years, FNCB Bank offers a full suite of personal, small business, and commercial banking solutions with industry-leading mobile, online, and in-branch products and services. FNCB operates through 16 branch offices located in Lackawanna, Luzerne, and Wayne counties and a limited purpose office in Lehigh county.

The Cozen O’Connor transaction team included Jeremiah G. Garvey, Seth H. Popick, Joseph C. Bedwick, David K. Goldfarb, and Colleen Rush.

Cozen O’Connor’s Corporate Practice Group provides sophisticated counsel to a diverse set of businesses and entrepreneurs. The firm’s corporate attorneys assist clients from a wide range of industries in issues related to regulatory compliance, corporate governance, mergers and acquisitions, tax, securities, finance, bankruptcy, and health law.

About Cozen O’Connor

Established in 1970, Cozen O’Connor has more than 825 attorneys who help clients manage risk and make better business decisions. The firm counsels clients on their most sophisticated legal matters in all areas of the law, including litigation, corporate, and regulatory law. Representing a broad array of leading global corporations and middle market companies, Cozen O’Connor services its clients’ needs through 31 offices across two continents.


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