Eagle Bancorp Montana Announces Commencement Of Common Stock Offering

HELENA, Mont., Oct. 10, 2017 (GLOBE NEWSWIRE) — Eagle Bancorp Montana, Inc. (Nasdaq:EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), announced today that it has commenced an underwritten public offering of approximately $18 million of the Company’s common stock, par value $0.01 per share. The Company intends to grant the underwriters a 30-day option to purchase from the Company up to an additional 15% of the shares of the Company’s common stock sold in the offering.

D.A. Davidson & Co. is serving as sole bookrunning manager of the offering, and FIG Partners, LLC will serve as a co-manager. The Company intends to use the net proceeds from the offering for general corporate purposes, including potential future acquisitions and to support continued organic growth, with an anticipated $10 million of the net proceeds to be contributed to the Bank. 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering will be made only by means of a prospectus supplement and accompanying prospectus filed as part of an effective shelf registration statement on Form S-3 (File No. 333-216983) filed with the U.S. Securities and Exchange Commission (“SEC”).  Prospective investors, including current stockholders interested in participating in the offering, should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents that the Company has filed with the SEC for more complete information about the Company and the offering. These documents are available at no charge by visiting the SEC’s website at www.sec.gov. The offering will be made only by means of a prospectus, copies of which may be obtained from D.A. Davidson & Co., Attn: Equity Capital Markets, 8 Third St. N., Great Falls, MT 59401, (406) 791-7319.