River City Bank Announces Pricing of Initial Public Offering
River City Bank priced its initial public offering of 2.7 million shares at $45.00 per share, with trading set to begin on the Nasdaq Capital Market under the symbol RCBC on August 6, 2026. The offering is structured as a 100% secondary sale of existing shares held by shareholders associated with founder Jon Kelly's family, resulting in no new capital raised for the bank itself. As of June 30, 2026, the institution reported approximately $6.0 billion in assets, $4.7 billion in gross loans, and $5.4 billion in deposits.
Key figures
- Offering Price
- 45
- Shares Offered
- 2700000
- Assets
- $6.0 billion
- Deposits
- $5.4 billion
- Gross loans
- $4.7 billion
AI analysis
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