0.31%QQQQ 43.45 
0.48%XLF 21.74 3.62%
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CHEVY CHASE, Md. - CapitalSource Inc., a commercial lender, said Monday night it priced an offering of 30 million shares of common stock at $11 per share.
| CSE | 12.21 |  0.08 |
The stock will be offered at a discount of about 2 percent to Monday's closing price of $11.19.
CapitalSource is in the process of acquiring 22 retail banking branches and more than $5 billion in deposits from Fremont Investment & Loan as it looks to expand its operations. Both the Federal Deposit Insurance Corporation and California Department of Financial Institutions approved the acquisition, paving the way for CapitalSource to open retail banking offices.
Underwriters have the option to purchase up to 4.5 million additional shares to cover overallotments.
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