Hamilton-based First Bank announced today the commencement of its initial public offering.
According to the announcement, the company is offering $20 million in shares of its common stock. In addition, the bank has granted its underwriters an option to purchase up to an additional 15 percent of the shares sold in the offering to cover over-allotments, if any. Upon consummation of the offering, the common stock is expected to be traded on the NASDAQ Global Market under the symbol "FRBA." Robert W. Baird & Co. Incorporated will serve as sole book-running manager and CV Brokerage, Inc. will serve as co-manager.