Five Star Bancorp, a California bank with seven branches and two loan production offices, raised $105 million by offering 5.3 million shares at $20, the high end of the range of $18 to $20.
Sacramento, CA-based Five Star Bank is a state-chartered bank that provides a range of banking products and services to SMBs, professional, and individual clients. As of December 31, 2020, the company had total assets of $2.0 billion, total loans of $1.5 billion, and total deposits of $1.8 billion.
Five Star Bancorp plans to list on the Nasdaq under the symbol FSBC. Keefe Bruyette Woods acted as lead manager on the deal.
