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Tennessee's third largest bank, FB Financial files for a $115 million IPO

August 19, 2016
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FB Financial, a Tennessee bank with 45 branches and $3 billion in assets, filed on Friday with the SEC to raise up to $115 million in an initial public offering.

The Nashville, TN-based company was founded in 1906 and booked $224 million in sales for the 12 months ended June 30, 2016. It plans to list on the NYSE under the symbol FBK. J.P. Morgan, UBS Investment Bank and Keefe Bruyette Woods are the joint bookrunners on the deal. No pricing terms were disclosed.