First ULB plans to price initial public offering of its common stock

Company raises funds for organic growth through underwriter B. Riley

By Devika Patel

Knoxville, Tenn., Oct. 12 - First ULB Corp. will price an initial public offering of common stock, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission. The company expects its shares will trade on the Nasdaq under the symbol "FULB."

B. Riley is the underwriter.

Proceeds will be used to support the United Labor Bank's organic growth and for future acquisitions and other general corporate purposes.

The thrift holding company has its headquarters in Oakland, Calif. The company is the parent of United Labor Bank, FSB.

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