Deal Details
Initial Public Offering
Summary
Baird served as sole bookrunning manager on this offering
About
First Bank (the “Company”) (NASDAQ: FRBA) recently completed an initial public offering of 3,833,334 shares of common stock at a price of $6.00 per share, generating gross proceeds of approximately $23 million. The Company intends to use the proceeds from the offering to support growth, increase lending and provide additional capital for financial strength. First Bank is a New Jersey state-chartered bank that began operations on April 23, 2007. The Company provides straightforward, basic banking products to individuals and businesses in its service area, the market between New York and Philadelphia, with a focus on commercial lending. First Bank operates from its headquarters in Hamilton, New Jersey, and through four additional full-service branches located in Williamstown, Lawrence, Ewing and Somerset, New Jersey.For additional information about this transaction, please contact:
- Date
- November 2013
- Company
- First Bank
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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