Deal conducted in connection with conversion to stock holding company
By Devika Patel
Knoxville, Tenn., May 25 - FS Bancorp, Inc. priced a $28.18 million offering of stock in a prospectus filed Friday with the Securities and Exchange Commission. The deal is being conducted in connection with the company's conversion from a mutual savings bank structure to a stock holding company structure and has a 15% greenshoe.
The company will sell 2,817,500 common shares at $10.00 per share. It must sell at least 2,082,500 shares.
Shares not sold in the offering may be offered to the general public in a community offering.
Settlement is expected June 18.
The bank holding company is based in Mountlake Terrace, Wash. It expects its common stock will be listed on the Nasdaq Capital Market under the symbol "FSBW."
| Issuer: | FS Bancorp, Inc.
|
| Issue: | Common stock
|
| Amount: | $28,175,000
|
| Greenshoe: | 15%
|
| Shares: | 2,817,500
|
| Price: | $10.00
|
| Warrants: | No
|
| Pricing date: | May 25
|
| Settlement date: | June 18
|
| Stock symbol: | Nasdaq: FSBW
|
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