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Central Bancompany, Inc. Announces Pricing of Initial Public Offering
Globenewswire· 2025-11-19 23:21
Core Points - Central Bancompany, Inc. has announced the pricing of its initial public offering (IPO) of 17,778,000 shares of Class A common stock at a price of $21.00 per share, with trading expected to begin on November 20, 2025 [1] - The offering is set to close on November 21, 2025, pending customary closing conditions [1] - The underwriters have a 30-day option to purchase an additional 2,666,700 shares at the public offering price [2] Company Overview - Central Bancompany, Inc. is headquartered in Jefferson City, Missouri, and its banking subsidiary, The Central Trust Bank, has been operational since 1902 [5] - As of September 30, 2025, The Central Trust Bank is a $19.2 billion Missouri state-chartered trust company with banking powers, operating more than 156 locations across 79 communities in Missouri, Kansas, Oklahoma, Colorado, and Florida [5]
Mister Car Wash Acquires Five Stores from Whistle Express, Expanding Presence in Lubbock, Texas
Globenewswire· 2025-10-21 11:00
Core Insights - Mister Car Wash, Inc. has acquired five Whistle Express locations in Lubbock, Texas, increasing its presence in the market from four to nine locations, thereby solidifying its market leadership in the area [1][2] Group 1: Acquisition Details - The acquisition enhances Mister Car Wash's footprint in Lubbock, establishing a leading market position with a total of nine locations [1] - Stephens Inc. acted as the exclusive financial advisor to Whistle Express during this divestiture [1] Group 2: Company Commitment - The company emphasizes its commitment to making car care more accessible while maintaining high-quality service for customers [2] - A seamless transition for Whistle Express customers and team members is planned to ensure continued access to reliable car wash services [2] Group 3: Company Overview - Mister Car Wash operates approximately 525 locations and boasts North America's largest car wash subscription program [4] - The company is dedicated to providing clean, shiny, and dry vehicles, with a focus on exceptional customer experiences and responsible environmental practices [4]
Central Bancompany, Inc. Files Registration Statement for Proposed Initial Public Offering
Globenewswire· 2025-10-10 21:33
Core Viewpoint - Central Bancompany, Inc. has filed a registration statement for a proposed initial public offering (IPO) of its Class A common stock, with details on the number of shares and pricing yet to be determined, and the offering is subject to market conditions and the federal government shutdown [1][5] Group 1: IPO Details - The proposed IPO will be listed on the Nasdaq Global Select Market under the symbol "CBC" [2] - A 50-for-1 stock split has been approved, where shareholders will receive 49 additional shares for each share owned as of the record date of October 20, 2025, with distribution on October 24, 2025 [2] - Morgan Stanley & Co. LLC and Keefe, Bruyette & Woods, Inc. are the joint lead book-running managers for the offering, with BofA Securities, Piper Sandler & Co., and Stephens Inc. as joint bookrunners [3] Group 2: Company Background - Central Bancompany, Inc. is headquartered in Jefferson City, Missouri, and its banking subsidiary, The Central Trust Bank, has been operational since 1902 [6] - As of June 30, 2025, The Central Trust Bank has assets of $19.1 billion and operates over 156 locations across Missouri, Kansas, Oklahoma, Colorado, and Florida [6]
From Wall Street to Main Street: Stephens co-CEO on the outlook ahead
CNBC Television· 2025-10-02 12:24
Well, joining me here at the UpSummit is John Stevens, the co-CEO of Stevens, Inc. It's great to speak with you. Thank you, Morgan. Thanks for having me on.So, you became co-CEO at the beginning of the year. How's it going. It's going really well.Uh, my brother and I are just 17 months apart. So, we grew up kind of dreaming about working together one day and being partners even before we kind of knew what the business did or understood, you know, how how we do our work and and what we do for our clients. Um ...
Orange County Bancorp, Inc. Announces Pricing of Public Offering of Common Stock
Globenewswire· 2025-06-04 01:41
Group 1 - Orange County Bancorp, Inc. announced a public offering of 1,720,430 shares of common stock at a price of $23.25 per share, with an additional option for underwriters to purchase up to 258,064 shares [1][2] - The total gross proceeds from the offering are expected to be approximately $40.0 million, potentially increasing to $46.0 million if the underwriters fully exercise their option [2] - The net proceeds will be used for general corporate purposes, including investments in the Bank, enhancing regulatory capital and liquidity, and potential strategic acquisitions, although there are no current plans for specific acquisitions [2] Group 2 - The offering is expected to close on June 5, 2025, subject to customary closing conditions [2] - Piper Sandler & Co. and Stephens Inc. are acting as joint book-running managers for the offering [3] - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company, which has approximately $2.6 billion in total assets, and Hudson Valley Investment Advisors, Inc. [6]
Orange County Bancorp, Inc. Launches Public Offering of Common Stock
GlobeNewswire News Room· 2025-06-03 20:00
Core Viewpoint - Orange County Bancorp, Inc. has launched an underwritten public offering of its common stock to support general corporate purposes, including investments in the Bank, regulatory capital, liquidity, and potential strategic acquisitions [1][2]. Group 1: Offering Details - The Company expects to grant underwriters a 30-day option to purchase additional shares of its common stock [1]. - The net proceeds from the offering will be used for general corporate purposes, which may include investments in the Bank, augmenting regulatory capital and liquidity, and potential strategic acquisitions [2]. Group 2: Regulatory Filings - The Company has filed a shelf registration statement and a preliminary prospectus supplement with the SEC for the offering [3]. - Investors are encouraged to read the preliminary prospectus supplement and accompanying prospectus for complete information about the Company and the offering [3]. Group 3: Company Background - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., with total assets of approximately $2.6 billion [5]. - Orange Bank & Trust Company has a history of over 125 years, focusing on community and business clientele [5].
LINKBANCORP, INC. Announces Completion of New Jersey Branch Sale
Prnewswire· 2025-04-01 13:00
Core Insights - LINKBANCORP, Inc. has successfully sold its New Jersey banking operations and three branches to American Heritage Federal Credit Union, effective March 31, 2025, involving approximately $87 million in deposits and $105 million in loans [1][2] - The sale was executed at a 7% premium for deposits and at par for loans, resulting in an estimated after-tax gain of approximately $8.5 million for the company [1] - This strategic move allows the company to reallocate capital to its core markets in Pennsylvania, Maryland, and Virginia, enhancing operational efficiencies [2] Financial Details - The transaction included the transfer of three branch locations, $87 million in deposits, and $105 million in loans [1] - The estimated after-tax gain from the transaction is approximately $8.5 million, net of transaction costs [1] Company Background - LINKBANCORP, Inc. was formed in 2018 and aims to positively impact lives through community banking, serving clients across Pennsylvania, Maryland, Delaware, and Virginia [4] - The subsidiary bank, LINKBANK, operates 24 client solutions centers and is traded on the Nasdaq Capital Market under the symbol "LNKB" [4]