- DATE: April 11, 2019
- TIME: 9:00am CDT
Red River Bancshares, Inc. files registration statement for proposed Initial Public Offering
Red River Bancshares, Inc. ("the Company"), a holding company that operates through its wholly owned subsidiary, Red River Bank, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of shares of its common stock. A portion of the shares will be issued and sold by the Company and a portion will be sold by certain shareholders of the Company. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The Company has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol "RRBI."
FIG Partners, LLC is acting as Lead Bookrunner, and Stephens Inc. is acting as Joint Bookrunner for the proposed offering. The proposed offering will be made only by means of a prospectus. Copies of the prospectus, when available, may be obtained from: FIG Partners, LLC, Attention: Greg Gersack, Head of Capital Markets, 1475 Peachtree Street NE, Suite 800, Atlanta, GA 30309, by calling (404) 601-7200 or by emailing firstname.lastname@example.org or Stephens Inc., Attention: Prospectus Department, 111 Center Street, Little Rock, AR 72201 by calling (501) 377-2131 or emailing email@example.com.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy these securities be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Red River Bancshares, Inc.
Red River Bancshares, Inc. is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 23 banking centers throughout the state and one loan production office in Covington, Louisiana. Banking centers are located in the following markets: Central Louisiana, which includes the Alexandria metropolitan statistical area (“MSA”); Northwest Louisiana, which includes the Shreveport-Bossier City MSA; Southeast Louisiana, which includes the Baton Rouge MSA; and Southwest Louisiana, which includes the Lake Charles MSA. As of December 31, 2018, Red River Bank was the fifth largest financial institution headquartered in Louisiana based on assets, with total assets of $1.86 billion.