DENVER--(BUSINESS WIRE)--United Western Bancorp, Inc. (Nasdaq: UWBK - News) announced today the issuance of 1,961,325 shares of its common stock at a price of $4.00 per share, for total gross proceeds of approximately $7.8 million. The issuance is a result of the partial exercise of the over-allotment option to purchase additional shares granted to the underwriters in United Western Bancorp’s previously announced public offering of 20,000,000 shares of its common stock, which closed on September 22, 2009. The net proceeds from the offering, including the exercise of the over-allotment, were approximately $81.5 million, after deducting underwriting discounts and commissions and offering expenses. Sandler O’Neill + Partners, L.P. acted as the lead manager for the offering. FBR Capital Markets & Co. and Sterne, Agee & Leach, Inc. served as co-managers.
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