River City Bank, a California-based commercial bank, announced terms for its Nasdaq IPO.
The Sacramento, CA-based company plans to raise $136 million by offering 2.75 million shares (100% secondary) at a price range of $48 to $51. At the midpoint of the proposed range, River City Bank would command a market value of $703 million. The company is currently quoted on the OTCID market with limited trading, under the ticker RCBC.
River City Bank states that it is the largest independent bank headquartered in Sacramento, California, and that it ranks fifth by deposits in the Sacramento-Roseville-Folsom MSA as of June 30, 2025. The bank serves clients through eight full-service branches across the Sacramento MSA and a loan production office in San Francisco. As of June 30, 2026, it had total assets of $6.0 billion, total deposits of $5.4 billion, total loans of $4.7 billion, with total shareholders’ equity of $568 million. The bank's loan portfolio is primarily commercial real state (90% as of 6/30/26), followed by Residential (4%) and C&I (3%). Its CRE portfolio composition is led by multifamily (36% of CRE), retail (25%), industrial (15%), and office (12%), primarily located across the state of California (72%).
River City Bank was founded in 1973 and booked $160 million in revenue for the 12 months ended June 30, 2026. It plans to list on the Nasdaq under the symbol RCBC. Raymond James and Keefe Bruyette Woods are the joint bookrunners on the deal. It is expected to price during the week of August 3, 2026.
