HAMILTON, NJ--(Marketwired - November 12, 2013) - First Bank (the "Bank") announced today that it was commencing an initial public offering of $20 million in shares of its common stock. In addition, the Bank has granted its underwriters an option to purchase up to an additional 15% of the shares sold in the offering to cover over-allotments, if any. The Bank also announced that its Registration Statement on Form 10, which was filed with the Federal Deposit Insurance Corporation under the Securities Exchange Act of 1934, as amended, was declared effective. Upon consummation of the offering, the common stock is expected to be traded on the NASDAQ Global Market under the symbol "FRBA."
Robert W. Baird & Co. Incorporated will serve as sole book-running manager and CV Brokerage, Inc. will serve as co-manager. A written offering circular covering these securities may be obtained by contacting Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202, E-mail: email@example.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
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