Joint Bookrunner
Red River Bancshares, Inc.
Equity Capital Markets
Initial Public Offering
Transaction Details
- On May 3rd, Red River Bancshares, Inc. (“the Company”), a holding company that operates through its wholly owned subsidiary, Red River Bank, announced the pricing of its initial public offering of 600,000 shares of its common stock at a public offering price of $45.00 per share
- The Company’s common stock is expected to begin trading on the NASDAQ Global Select Market under the trading symbol “RRBI” on Friday, May 3, 2019
- Of the offered shares, 573,320 are being offered by the Company, and 26,680 are being offered by certain selling shareholders
- The Company intends to use the net proceeds from this offering for general corporate purposes and investment in Red River Bank, which may include the support of its balance sheet growth, repayment of the Company’s junior subordinated debentures, the acquisition of other banks or financial institutions as opportunities arise, and the maintenance of capital and liquidity ratios
- The Company has granted the underwriters a 30-day option to purchase up to an additional 90,000 shares of its common stock
- Stephens Inc. served as Joint Bookrunner on the offering
About the company
Red River Bancshares, Inc. is the bank holding company for Red River Bank, a Louisiana state-chartered bank that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 23 banking centers throughout the state and one loan production office in Covington, Louisiana. Banking centers are located in the following markets: Central Louisiana, which includes the Alexandria metropolitan statistical area (“MSA”); Northwest Louisiana, which includes the Shreveport-Bossier City MSA; Southeast Louisiana, which includes the Baton Rouge MSA; and Southwest Louisiana, which includes the Lake Charles MSA. As of December 31, 2018, Red River Bank was the fifth largest financial institution headquartered in Louisiana based on assets, with total assets of $1.86 billion.
Sources: Company filings.
-
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/1071236/000119312519118228/d649334ds1a.htm. Additionally, a copy of the Free Writing Prospectus may be obtained at the following link: https://www.sec.gov/Archives/edgar/data/1071236/000119312519119050/d736826dfwp.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.