Third Coast Bancshares, Inc. Announces Initial Public Offering Price of Common Shares |
HUMBLE, Texas – (BUSINESS WIRE) – November 8, 2021–
Third Coast Bancshares, Inc. (“Third Coast”), the banking holding company of Third Coast Bank, SSB, today announced the initial public offering price of 3,500,000 common shares at a public offering price. of $ 25.00 per share. Third Coast has also granted the underwriters a 30-day option to purchase up to 525,000 additional shares of its common shares. Third Coast common stock is expected to begin trading on the NASDAQ Global Select Market under the symbol “TCBX” on November 9, 2021.
Third Coast intends to use the net proceeds of the offering to support its continued growth, including organic growth and potential future acquisitions, and for general corporate purposes.
Stephens Inc., Piper Sandler & Co. and Deutsche Bank Securities are acting as co-book managers for the offering.
The offer is being made only by means of a prospectus. Where available, copies of the prospectus relating to the offering can be obtained from Stephens Inc., PO Box 3507, Little Rock, Arkansas 72203, or by calling (800) 643-9691 or by emailing firstname.lastname@example.org, Piper Sandler & Co., 1251 Avenue of the Americas, 6 th Floor, New York, New York 10020, or by calling (800) 747-3924 or emailing prospectus @ psc .com, or Deutsche Bank Securities Inc., Prospectus Group, 1 Columbus Circle, New York, New York 10019, or by calling (800) 503-4611 or sending an email to prospectus.CPDG@db.com. Copies of the registration statement relating to such securities and of the prospectus, where available, may also be obtained free of charge from the website of the United States Securities and Exchange Commission (the âSECâ) at the address www.sec.gov.
A registration statement relating to these securities was declared effective by the SEC on November 8, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Third Coast Bancshares, Inc.
Third Coast Bancshares, Inc. is a Texas-based, commercial banking holding company, operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary , Third Coast Bank, SSB. Founded in 2008 in Humble, Texas, Third Coast Bank, SSB conducts banking operations through 12 branches and a loan production office encompassing the four largest metropolitan areas in Texas. As of June 30, 2021, Third Coast Bancshares, Inc. had, on a consolidated basis, $ 2.0 billion in total assets, $ 1.6 billion in loans receivable and $ 1.8 billion in total deposits.
This press release contains forward-looking statements, which involve risks and uncertainties. Statements preceded, followed or which otherwise include the words “believes”, “expects”, “anticipates”, “intention”, “plans” and similar expressions or future or conditional verbs such as “will”, âShouldâ, ââ would, âcouldâ and âcouldâ are generally forward-looking in nature and not historical facts, although all forward-looking statements do not include the foregoing. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date hereof. Third Coast makes no commitment to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual results, except as required by law.
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CONTACT: Bart Carvi
President, CEO and President
(281) 570-1800 John McWhorter
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES
SOURCE: Third Coast Bancshares, Inc.
Copyright Business Wire 2021.
PUB: 08/11/2021 18:25 / DISC: 08/11/2021 18:26
Copyright Business Wire 2021.