FIG Partners Co-Managed $37.5 Million Stock Offering For First Bank

FIG Has Helped Raise $123 Million In Equity Capital In Six Offerings Year To Date

ATLANTA, May 30, 2017 — First Bank (NASDAQ:FRBA) has announced the closing of its public offering of 3,289,474 shares of common stock at $11.40 per share.

offeringThe gross proceeds were approximately $37.5 million. In addition, First Bank has granted the underwriters a 30-day over-allotment option to purchase up to an additional 493,421 shares of its stock. 

First Bank intends to use the net proceeds for general corporate purposes, including the support of additional growth. 

FIG Partners served as co-manager to First Bank. More information is available here.

Since 2003, FIG has been the trusted advisor to community banks and investors. FIG’s Investment Banking team has now completed 25 equity capital raises totaling more than $630 million since 2015.

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FIG Partners