Paragon Commercial Priced, Nasdaq: PBNC

North Carolina commercial bank with three branches and $1.3 billion in assets.

Industry: Financials

Latest Trade: $51.90 -0.28 (-0.5%)

First Day Return: +1.8%

Return from IPO: +53.5%

Industry: Financials

We were formed with the goal of filling what we believe is an unmet demand in our markets: delivering the commercial and private banking expertise and professionalism of a large bank with the responsive, personalized service of a community bank. We offer the client experience of a private bank for businesses and individuals through highly talented and experienced employees at carefully selected, professional office locations. Our combination of efficient staffing and a limited number of professional offices helps us drive profitability and create stockholder value, including by operating more efficiently than many of our peer institutions.
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IPO News for Paragon Commercial
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IPO Data
IPO File Date 05/26/2016
Offer Price $34.00
Price Range $33.00 - $35.00
Offer Shares (mm) 0.7
Deal Size ($mm) $25
IPO Data
IPO Date 06/15/2016
Offer Price $34.00
Price Range $33.00 - $35.00
Offer Shares (mm) 0.7
Deal Size ($mm) $25
Underwriters
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Company Data
Headquarters Raleigh, NC
Founded 1999
Employees 142
Website www.paragonbank.com