Fidelity Southern (LION) in Atlanta is planning to raise $60 million in a public offering.

The $2.5 billion company said in a press release that it plans to use the proceeds, along with cash on hand, to exit the Treasury Department's Troubled Asset Relief Program and redeem two other series of preferred stock.

Keefe, Bruyette & Woods, Robert W. Baird and FIG Partners are involved with the offering. The underwriters have an option to buy up to an additional 15% of shares to cover overallotments.

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