WESTON, Fla.--(BUSINESS WIRE)--FCB Financial Holdings, Inc. (formerly known as Bond Street Holdings, Inc.) (the "Company") (NYSE: FCB) announced the pricing of its initial public offering of 7,520,000 shares of Class A common stock at a public offering price of $22.00 per share. Of the 7,520,000 shares sold, 4,554,045 shares are being sold by the Company and 2,965,955 shares are being sold by certain selling stockholders. In addition, the Company has granted the underwriters for the offering a 30-day option to purchase up to an additional 1,128,000 shares of Class A common stock. The proceeds from the sale of shares by the Company (assuming that the underwriters’ option is not exercised) are expected to be approximately $100.2 million. The Company will not receive any proceeds from the sale of shares by the selling stockholders. The Company’s Class A common stock is expected to begin trading on the New York Stock Exchange, Inc. under the symbol "FCB" on August 1, 2014. The closing of the offering is expected to occur on August 6, 2014, subject to the satisfaction of customary closing conditions.
Deutsche Bank Securities, J.P. Morgan, BofA Merrill Lynch and UBS Investment Bank are acting as joint book running managers for the offering. Keefe, Bruyette & Woods, A Stifel Company, is acting as lead manager and Guggenheim Securities and Hovde Group are acting as co-managers for the offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of, the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. A registration statement relating to these securities was filed with and has been declared effective by the Securities and Exchange Commission.
The offering is being made solely by means of a written prospectus forming part of the effective registration statement, which may be obtained from Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, telephone: (800) 503-4611, or by emailing: prospectus.CPDG@db.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, telephone: (866) 803-9204; BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department, or by e-mailing: dg.prospectus_requests@baml.com; UBS Investment Bank, 299 Park Avenue, New York, NY 10171, Attention: Prospectus Department, telephone: (877) 827-7275.
About FCB Financial Holdings, Inc.
FCB Financial Holdings, Inc. is a bank holding company with one wholly-owned national bank subsidiary, Florida Community Bank, National Association, headquartered in Weston, Florida, which operates 54 branches in Florida. Florida Community Bank offers a comprehensive range of traditional banking products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities in its market areas. The Bank targets commercial customers engaged in a wide variety of industries including healthcare and professional services, retail and wholesale trade, tourism, agricultural services, manufacturing, distribution and distribution-related industries, technology, automotive, aviation, food products, building materials, residential housing and commercial real estate.
Forward-Looking Statements
Statements included herein may contain "forward-looking statements." Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
