Radius Bancorp reports plans to price initial public offering of stock

Baird and Sandler O’Neill are bookrunners; Janney Montgomery assists

By Devika Patel

Knoxville, Tenn., Sept. 29 – Radius Bancorp Inc. will conduct an initial public offering of its common stock with a 30-day greenshoe option, according to a Form S-1 filed Monday with the Securities and Exchange Commission.

Baird and Sandler O’Neill + Partners, LP are the joint bookrunning managers. Janney Montgomery Scott and Wunderlich Securities are the co-managers.

Proceeds will be used for general corporate purposes.

The holding company for First Trade Union Bank is based in Boston. It intends to list its common stock on the Nasdaq under the symbol “RADB.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.