First Carolina Financial Services, Inc, the holding company for First Carolina Bank, announced on June 17th the pricing of its initial public offering of 5,500,000 shares of its common stock at an initial public offering price of USD 12.50 per share. The shares are expected to begin trading on June 18, 2026, on the New York Stock Exchange under the ticker symbol “FCBM.” The closing of the offering is expected to occur on June 22, 2026, subject to the satisfaction of customary closing conditions. In addition, First Carolina has granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
First Carolina intends to use the net proceeds from the offering for general corporate purposes, which may include supporting organic growth, potential acquisitions, refinancing of outstanding indebtedness, and working capital.
Keefe, Bruyette & Woods, A Stifel Company, is acting as sole bookrunner in the offering. Raymond James and Hovde Group are acting as co-managers.
A registration statement on Form S-1 (including a preliminary prospectus) relating to these securities was declared effective by the Securities and Exchange Commission on June 17, 2026. The offering is being made only by means of a prospectus.
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.
Investors may also view the registration statement, preliminary prospectus and, when available, the final prospectus on the SEC’s website.
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