First Financial Holdings, Inc. (FFCH) Commences an Underwritten Public Offering of $50M off its Common Stock

First Financial Holdings, Inc.(Nasdaq: FFCH) announced the commencement ofan underwritten public offering of $50M of its common stock.
Sandler O'Neill + Partners, L.P. is serving as sole book-running manager of the offering, and Keefe Bruyette & Woods, Scott & Stringfellow, LLC and FIG Partners are serving as co-managers.

The net proceeds will be used for general corporate purposes to provide capital to support the growth of our subsidiaries and other strategic business opportunities, including FDIC-assisted transactions.