AMERICAN FORK, Utah--(BUSINESS WIRE)--People’s Utah Bancorp (the "Company") (NASDAQ: PUB) today announced the closing of its initial public offering of 2,875,000 common shares, including 375,000 shares sold as a result of the underwriters’ full exercise of their option to purchase additional shares. The Company sold 2,657,000 common shares and certain shareholders sold 218,000 common shares at a public offering price of $14.50 per share.
D.A. Davidson & Co. acted as sole book-running manager for the offering. Sandler O’Neill & Partners, L.P. and FIG Partners, LLC served as co-managers for the offering.
The offering was made only by means of a prospectus, copies of which may be obtained by request from: D.A. Davidson & Co., Attention: Equity Capital Markets, 8 Third Street North, Great Falls, MT 59401, or by calling (800) 332-5915.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
People’s Utah Bancorp is a bank holding company with two wholly owned subsidiaries, Bank of American Fork and Lewiston State Bank.