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First Carolina Financial Services (NYSE: FCBM), holding company for First Carolina Bank, celebrated its initial public offering by ringing the NYSE opening and closing bells. The company is now listed on the NYSE under ticker FCBM.
Headquartered in Raleigh, it offers deposit, loan, and trust services to businesses, higher education institutions, and individuals across North Carolina, Virginia, South Carolina, and Georgia. The announcement includes forward-looking statements outlining numerous credit, regulatory, economic, technology, and cybersecurity risks.
First Carolina Financial Services (NYSE: FCBM) priced its initial public offering at $12.50 per share for 5,500,000 common shares. Trading is expected to begin June 18, 2026, with closing targeted for June 22, 2026, subject to customary conditions.
Underwriters have a 30-day option for up to 825,000 additional shares. Net proceeds are intended for general corporate purposes, including organic growth, potential acquisitions, refinancing debt, and working capital.