Spirit of Texas Bancshares, a Texas community bank with 15 full-service branches and $1 billion in assets, filed on Friday with the SEC to raise up to $46 million in an initial public offering.
The company operates the Spirit of Texas Bank, and its primary markets are the Houston, Dallas/Fort Worth and Bryan/College Station metropolitan areas.
The Conroe, TX-based company was founded in 2008 and booked $48 million in revenue for the 12 months ended December 31, 2017. It plans to list on the Nasdaq under the symbol STXB. Spirit of Texas Bancshares filed confidentially on May 10, 2017. Stephens Inc. and Keefe Bruyette Woods are the joint bookrunners on the deal. No pricing terms were disclosed.
