Media Contact:
Elizabeth Hodges
(704) 383-5188
|
February 16, 2000
First Union Securities Co-manages Follow-on Offering for the Intercept Group, Inc.
CHARLOTTE, NC - On Tuesday, February 15, 2000, First Union Securities announced that it has co-managed a $80.25 million follow-on offering for The InterCept Group, Inc., (NASDAQ:ICPT) a single-source provider of technology outsourcing solutions and support for community banks across the United States. The offering of 3,000,000 shares of common stock was priced at $26.75 per share.
First Union Securities' Technology Investment Banking Group is one of the largest focused exclusively on emerging Internet companies. The Technology Investment Banking Group covers the following sectors: Business to Consumer Internet Commerce, Business to Consumer Internet Content, Digital Marketing Services, Business to Business Internet Commerce, Internet Service Providers, IT/Internet Professional Services, Enterprise/Internet Software, Internet Infrastructure, eHealth, eInsurance, and eFinance. In addition, First Union has one of the largest Internet-focused equity research teams with a roster of 10 analysts covering over 100 companies.
Based in Norcross, GA, The InterCept Group is a single-source provider of a broad range of technologies, products and services that work together to meet the electronic commerce and operating needs of financial institutions. The InterCept Group's services include electronic funds transfer (EFT), core data processing, check imaging and data communications management, as well as Internet banking products and services through its affiliate, Netzee, Inc.
First Union Corporation is a leading provider of financial services to more than 16 million retail and corporate customers throughout the East Coast and the nation. It is the nation's sixth largest bank holding company with assets of $253 billion as of December 31, 1999. The company operates full-service banking offices in Connecticut, Delaware, Florida, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and Washington, D.C., and securities offices in 41 states.
Important Notice: First Union Securities is the trade name under which Charlotte based First Union Corporation conducts its investment banking, merger and acquisition, asset management and mutual fund, brokerage and insurance businesses.
First Union Securities includes: (1) First Union Securities, Inc. ("FUSI"), a registered broker-dealer and member NYSE/NASD and SIPC providing investment banking, merger and acquisition advisory and brokerage services to corporations, individuals and other institutions throughout the United States; (2) First Union Brokerage Services, Inc. ("FUBS"), a separately registered broker-dealer and member NASD and SIPC providing primarily retail brokerage services; (3) First Clearing Corporation ("FCC"), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (4) the Capital Markets and Capital Management Groups within First Union National Bank ("FUNB"), a national banking association, and its subsidiaries, providing asset management, lending, structured finance risk management, derivatives, and fiduciary services to institutions and individuals; (5) various subsidiaries within First Union Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (6) various wholly-owned state insurance agencies.
Stocks, bonds, mutual funds or other securities offered or sold through First Union Corporation or any of its bank or non-bank subsidiaries are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation or any other government agency; are not endorsed or guaranteed by First Union Corporation, FUNB or any bank; and involve investment risk, including possible loss of principal.
|
Email This Page
Printer Friendly Version
