Co-Manager
Five Star Bancorp
Equity Capital Markets
Initial Public Offering
Transaction Details
- On May 4th, 2021, Five Star Bancorp (NASDAQ: “FSBC”) announced the pricing of its initial public offering of 5,265,000 shares of its common stock at a price to the public of $20.00 per share
- − Five Star Bancorp also granted the underwriters a 30-day option to purchase up to an additional 789,750 of its common stock
- Five Star Bancorp shares are expected to begin trading on the NASDAQ Global Select Market on May 5th, 2021 under the ticker symbol “FSBC"
- Five Star Bancorp intends to use the net proceeds from the offering to:
- − Fund a cash distribution to existing shareholders in the amount of $27.0 million
- − Increase the capital of the Bank in order to support Five Star’s organic growth strategies, including expanding Five Star’s overall market share, to strengthen Five Star’s regulatory capital and for working capital and other general corporate purposes
About the company
Five Star Bancorp
Five Star is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. Five Star has seven branches and two loan production offices throughout Northern California.
Sources: Company filings and press release
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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/0001275168/000155278121000279/e21306_fsbc-s1a2.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of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.
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