October 13, 2009 (FinancialWire) — First Financial Holdings, Inc. (NASDAQ: FFCH), the holding company for First Federal Savings and Loan Association of Charleston, announced that the underwriters of its recent public offering of common stock have fully exercised their over-allotment option, resulting in the issuance of an additional 629,032 shares.

The option was granted in connection with the public offering of 4,193,550 shares of common stock at a public offering price of $15.50 per share, which closed on September 29, 2009.

Including the over-allotment option, the net proceeds to the company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be $9.1 million. Sandler O’Neill + Partners, L.P. served as sole book-running manager of the offering, and Keefe Bruyette & Woods, Scott & Stringfellow and FIG Partners were co-managers.

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