Chain Bridge Bancorp (NASDAQ:BDGE_old), Inc. (CBNA), the bank holding company for Chain Bridge Bank, National Association, today announced the launch of its initial public offering of 1,850,000 shares of its Class A common stock.
Chain Bridge intends to use the net proceeds from the offering primarily for general corporate purposes (which may include supporting continued organic deposit growth and funding potential strategic expansion) and to repay the
Piper Sandler & Co., Raymond James & Associates, Inc., and Hovde Group, LLC are acting as book-running managers for the offering. Copies of the preliminary prospectus relating to the offering may be obtained from:
Piper Sandler & Co., Prospectus Department Phone: (800) 747-3924
Email: prospectus@psc.com
Raymond James & Associates, Inc., Syndicate Phone: (800) 248-8863
Email: prospectus@raymondjames.com
Hovde Group, LLC, Syndicate Phone: (866) 971-0961
Email: prospectus@hovdegroup.com
A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission (the "SEC"), but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations, or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.