Five Star Bancorp launches common stock offering to fund growth investments, working capital - FSBC News | RalliesFive Star Bancorp launches common stock offering to fund growth investments, working capital
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FSBC• Public offering to raise growth capital
- Five Star Bancorp launched an underwritten public offering of common stock to raise growth capital.
- Net proceeds are earmarked for general corporate purposes, including added investment in the bank to pursue growth opportunities.
- Planned use also includes working capital to support continued expansion.
- Underwriters will have a 30-day option to buy additional common shares, increasing potential proceeds.
