Fidelity Southern Corporation announced today that it has commenced an underwritten public offering of $60 million of its common stock.  The Company intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the shares of common stock sold pursuant to this transaction to cover over-allotments, if any.  All of the shares are being offered by the Company.

The Company intends to use the net proceeds from this offering, together with its cash on hand as necessary, to: (i) redeem the $48.2 million in shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, originally issued to the U.S. Department of the Treasury under the Troubled Asset Relief Program Capital Purchase Program; and (ii) redeem the two series of its fixed rate trust preferred securities with an aggregate outstanding principal amount of $20.5 million, plus an estimated $410 thousand of after-tax redemption premiums.  The Company intends to use any remaining net proceeds for general corporate purposes.

Keefe, Bruyette & Woods, a Stifel company, and Robert W. Baird & Co. are the joint book-running managers in the offering.  FIG Partners is acting as co-manager for the offering.