Company sells 3,333,334 common shares; deal has a $3 million greenshoe
By Devika Patel
Knoxville, Tenn., Nov. 15 - First Bank said it priced its $20 million initial public sale of stock with a $3 million greenshoe.
The company will sell 3,333,334 common shares at $6.00 per share.
Settlement is expected Nov. 20.
Robert W. Baird & Co. Inc. is the bookrunning manager.
Based in Hamilton, N.J., First Bank offers banking services. It expects its shares to trade on the Nasdaq under the symbol "FRBA."
| Issuer: | First Bank
|
| Issue: | Common stock
|
| Amount: | $20 million
|
| Greenshoe: | $3 million
|
| Shares: | 3,333,334
|
| Price: | $6.00
|
| Warrants: | No
|
| Bookrunner: | Robert W. Baird & Co. Inc.
|
| Co-manager: | CV Brokerage, Inc.
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 20
|
| Stock exchange: | Nasdaq: FRBA
|
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