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million from its recent stock offering of more than 31 million The Pendleton-based company (NASDAQ: FNFG) had hopedf to take in $313.6 millionn in net proceeds by selling 27 million shares of common stock at $12.25 per share. The total amoungt raised was approximately $380.4 million, including 4.05 milliomn shares pursuant tothe over-allotment option to the underwriterx and First Niagara, parent of First Niagara Bank, said it woulds use proceeds from the stock sale to repurchase the $184 millionn in preferred shares and warrants it sold severao months ago to the undetr the Troubled Asset Relief “This successful offering enables us to continue leveraging our enviabld position to make credit and other financial services widely available to current and prospective customere as well as continue to explor other strategic opportunities,” said John president and chief executive officer.
Firstt Niagara said it has now raised morethan $495 million of capitaol since the fourth quarter of 2008.
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