Cardinal Financial Corporation Completes Additional Capital Raise

2009-06-03 19:34:02 -

Cardinal Financial Corporation (NASDAQ:CFNL) (the “Company”) announced today the issuance of 378,302 shares of its common stock at a price of $7.75 per share, for total gross proceeds of $2,931,840. The issuance is a result of the partial exercise of the option to purchase additional shares granted to the underwriters in the Company’s public offering of its common stock previously announced on May 20, 2009. The underwriters retain an option to purchase up to an additional 221,698 shares of common stock from the Company at the public offering price, less underwriting discount and commission, until June 19, 2009.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and is effective.

A copy of the prospectus may be obtained from Raymond James & Associates, Inc. at 880 Carillon Parkway, St. Petersburg, Florida 33716 or by telephone at (727) 567-2400.


About Cardinal Financial Corporation: Cardinal Financial Corporation, a financial holding company headquartered in Tysons Corner, Virginia, serves the Washington Metropolitan region through its wholly-owned subsidiary, Cardinal Bank, with 25 conveniently located banking offices. Cardinal also operates several other subsidiaries.
George Mason Mortgage, LLC, and Cardinal First Mortgage, LLC, residential mortgage lending companies based in Fairfax, with six offices throughout the Washington Metropolitan region; Cardinal Trust and Investment Services, a trust division; Cardinal Wealth Services, Inc., a full-service brokerage company; and Wilson/Bennett Capital Management, Inc., an asset management company. The Company's stock is traded on the Nasdaq Global Select Market (CFNL). For additional information please visit our Web site at www.cardinalbank.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. or call (703) 584-3400.


Cardinal Financial CorporationBernard H. Clineburg,Chairman,

Chief Executive OfficerorAlice P. Frazier,EVP,

Office of the Chairman703-584-3400