Dunmore, Pa., Feb. 08, 2019 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (Nasdaq: FNCB), the holding company for FNCB Bank, announced today the closing of its 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 the Company, after deducting underwriting discounts and estimated offering expenses, are expected to be approximately $21.2 million.

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

ABOUT FNCB BANCORP, INC.

FNCB Bancorp, Inc. is the bank holding company of FNCB Bank. Locally-based for over 100 years, FNCB Bank continues as a premier community bank in Northeastern Pennsylvania – offering 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, and remains dedicated to making its customers’ banking experience simply better.