Lead Book-Running Manager
Third Coast Bancshares, Inc.
Equity Capital Markets
Initial Public Offering
Transaction Details
- On November 8, 2021, Third Coast Bancshares, Inc. (“Third Coast”), the bank holding company for Third Coast Bank, SSB, announced the pricing of the initial public offering of 3,500,000 shares of its common stock at a public offering price of $25.00 per share
- Third Coast has also granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of its common stock
- Third Coast’s common stock is expected to begin trading on the NASDAQ Global Select Market under the trading symbol “TCBX” on November 9, 2021
- Third Coast intends to use the net proceeds from the offering to support its continued growth, including organic growth and potential future acquisitions, and for general corporate purposes
About the company
Third Coast Bancshares, Inc.
Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank, SSB. Founded in 2008 in Humble, Texas, Third Coast Bank, SSB conducts banking operations through 12 branches and one loan production office encompassing the four largest metropolitan areas in Texas. As of June 30, 2021, Third Coast Bancshares, Inc. had, on a consolidated basis, $2.0 billion in total assets, $1.6 billion in total loans outstanding and $1.8 billion in total deposits.
Source: 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/0001781730/000119312521314424/d214992ds1a.htm as supplemented by
https://www.sec.gov/Archives/edgar/data/0001781730/000119312521300134/d214992ds1.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of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.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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