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Chain Bridge Bancorp Priced, NYSE: CBNA

Provides online banking services primarily to political organizations.

Industry: Financials

Latest Trade: $21.20 0.00 (0.0%)

First Day Return: -3.6%

Return from IPO: -3.6%

Industry: Financials

We offer a range of commercial and personal banking services, including deposits, treasury management, payments, loans, commercial lending, residential mortgage financing, consumer loans, trusts and estate administration, wealth management, and asset custody. Our mission is to deliver exceptional banking and trust services nationwide, blending financial strength, personalized service, and advanced technology to offer tailored solutions to businesses, non-profit organizations, political organizations, individuals, and families. As of June 30, 2024, we held total assets of $1.4 billion, including $488.0 million in cash and cash equivalents, of which $471.2 million were interest-bearing reserves held at the Federal Reserve. Our portfolio included $604.0 million in securities, with $246.6 million or 40.6% of that in U.S. Treasury securities. Net loans held for investment, after accounting for deferred fees and costs and allowances, totaled $300.4 million. Our total deposits stood at $1.3 billion, with stockholders’ equity at $94.0 million. Approximately 94.2% of these deposits were held in transaction accounts. Our loan-to-deposit ratio was 23.4%.
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IPO Data
IPO File Date 09/13/2024
Offer Price $22.00
Price Range $24.00 - $26.00
Offer Shares (mm) 1.9
Deal Size ($mm) $41
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/03/2024
Offer Price $22.00
Price Range $24.00 - $26.00
Offer Shares (mm) 1.9
Deal Size ($mm) $41
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Piper Sandler
Raymond James
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Company Data
Headquarters McLean, VA, United States
Founded 2006
Employees at IPO 84
Website www.chainbridgebank.com

Chain Bridge Bancorp (CBNA) Performance