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When was Preferred Bank’s initial public offering?

April 26, 2017Bank initial offering public

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When was Preferred Bank’s initial public offering?

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Preferred Bank priced its initial public offering on February 14, 2005 at $38.00 per share. The Company raised approximately $80.6 million in gross proceeds through the sale of 2.1 million shares of common stock. The IPO was led by Sandler O’Neill & Partners, L.P. with Keefe, Bruyette & Woods and RBC Capital Markets acting as co-managers.