Joint Bookrunning Manager
Bank7 Corp.
Equity Capital Markets
Initial Public Offering
Transaction Details
- On September 19th, 2018 Bank7 Corp., (NASDAQ: BSVN) the bank holding company for Bank7, announced the pricing of its upsized initial public offering of 3,400,000 shares of common stock
- The offering priced at $19.00 per share
- Bank7 Corp. will be listed on the NASDAQ Global Select Market under the trading symbol
- “BSVN” beginning September 20th, 2018
- The base shares offered are comprised of approximately 85% primary and 15% secondary
- The selling shareholders have granted the underwriters a 30-day option to purchase up to 510,000 additional shares of Bank7 Corp. common stock
- Bank7 Corp. intends to use the net offering proceeds for:
- Approximate $50.0 million non-taxable cash distribution to existing shareholders
- Remaining net proceeds to be used for general corporate purposes
- Stephens Inc. served as Joint Bookrunning Manager on the offering
About the company
Bank7 Corp. is the bank holding company for Bank7, an Oklahoma chartered bank headquartered in Oklahoma City, Oklahoma, which operates seven full-service branches in Oklahoma, the Dallas/Fort Worth metropolitan area, and Kansas. Bank7 focuses on serving business owners and entrepreneurs by delivering fast, consistent and well-designed banking solutions. As of June 30, 2018, Bank7 Corp. had total assets of $727.6 million, total loans of $589.3 million, total deposits of $641.8 million and total shareholders’ equity of $77.6 million.
Sources: Company filings.
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This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.
The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link:
https://www.sec.gov/Archives/edgar/data/1746129/000114036118038114/s002339x5_s1a.htm. Additionally, a copy of the Free Writing Prospectus may be obtained at the following link:
https://www.sec.gov/Archives/edgar/data/1746129/000114036118038117/s002339x6_fwp.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.