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Louisiana's Red River Bancshares prices IPO at $45, within the range

May 3, 2019
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Red River Bancshares, a Louisiana commercial bank with 24 locations across the state, raised $27 million by offering 600,000 shares (4% secondary) at $45, within the range of $42 to $46. Red River Bancshares plans to list on the Nasdaq under the symbol RRBI. FIG Partners and Stephens Inc. acted as lead managers on the deal.