Corporate ActionJul 22, 2026, 04:09 PM
Five Star Bancorp Launches Underwritten Public Stock Offering
AI Summary
Five Star Bancorp announced the launch of an underwritten public offering of its common stock. The company plans to grant the underwriters a 30-day option to purchase additional shares. The net proceeds from this offering are intended for general corporate purposes, supporting continued growth, including investments in Five Star Bank, and for working capital. Keefe, Bruyette & Woods is the bookrunner, with Stephens Inc., D.A. Davidson & Co., Raymond James & Associates, Inc., and Brean Capital acting as co-managers.
Key Highlights
- Launched an underwritten public offering of its common stock.
- Intends to grant underwriters a 30-day option to purchase additional shares.
- Net proceeds will be used for general corporate purposes and to support continued growth.
- Keefe, Bruyette & Woods is serving as the bookrunner for the offering.
- Offering is made pursuant to a registration statement on Form S-3 (File No. 333-293089).
- Five Star Bank operates ten branches in California.
Price Impact
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