Level One Bancorp, a Michigan-based commercial bank with $1.3 billion in assets, filed on Friday with the SEC to raise up to $25 million in an initial public offering.
The Farmington Hills, MI-based company was founded in 2007 and booked $54 million in revenue for the 12 months ended December 31, 2017. It plans to list on the Nasdaq under the symbol LEVL. Raymond James and Keefe Bruyette Woods are the joint bookrunners on the deal. No pricing terms were disclosed.
