Five Star Bancorp closes $44 follow-on offering raising $130.6 million in proceeds - FSBC News | RalliesFive Star Bancorp closes $44 follow-on offering raising $130.6 million in proceeds
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FSBC• Follow-on offering closes
- Five Star Bancorp closed an underwritten follow-on offering of 3,133,750 common shares at $44 per share.
- The deal included the full exercise of the underwriters’ option for 408,750 additional shares.
- Proceeds were about $130.6 million, net of underwriting discounts and commissions.
- Net proceeds are earmarked for general corporate purposes, bank investments to support growth, and working capital.
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