Corporate ActionJul 27, 2026, 04:18 PM
Five Star Bancorp Completes $130.6M Stock Offering
AI Summary
Five Star Bancorp announced the full exercise and closing of the underwriters' option to purchase additional shares in its previously announced underwritten public offering. The company sold a total of 3,133,750 shares of its common stock at $44.00 per share, resulting in approximately $130.6 million in net proceeds. These funds are intended for general corporate purposes and to support the company's continued growth, including investments in its banking subsidiary.
Key Highlights
- Full exercise and closing of underwriters' option to purchase additional shares.
- Company sold a total of 3,133,750 shares of common stock.
- Public offering price was $44.00 per share.
- Net proceeds to the Company were approximately $130.6 million.
- Proceeds will be used for general corporate purposes and to support continued growth.
Price Impact
More from FSBC