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AMTB - IPO Update: Red River Bancshares Proposes IPO Terms
Mercantil Bank Holding Corporation
Quick Take
Red River Bancshares (RRBI) has filed to raise $26.4 million in an IPO of its common stock, per an amended registration statement.
The company operates a multi-branch community bank in state of Louisiana.
RRBI has produced impressive financial results in recent years and the IPO appears reasonably valued for that growth as well as the bank’s future growth prospects as a leading bank within the state.
Company & Technology
Alexandria, Louisiana-based Red River Bancshares was founded in 1998 to provide commercial banking services to residential and retail customers in the