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Origin Bancorp, Inc. Announces Pricing of Initial Public Offering of Common Stock
Posted: 05/08/2018 | Castle Creek

RUSTON, La.–(GLOBE NEWSWIRE)–Origin Bancorp, Inc. (“Origin”), the financial holding company for Origin Bank, today announced the pricing of its initial public offering of 3,636,176 shares of its common stock at a public offering price of $34.00 per share.  Of the offered shares, 2,500,000 are being offered by Origin, and 1,136,176 are being offered by certain selling stockholders.  Origin has also granted the underwriters a 30-day option to purchase up to an additional 545,426 shares of its common stock.  Origin’s common stock is expected to begin trading on the Nasdaq Global Select Market under the trading symbol “OBNK” on Wednesday, May 9, 2018.

Origin intends to use the net proceeds from the offering to redeem all of its outstanding SBLF preferred stock, as well as for general corporate purposes, which may include the support of balance sheet growth, the acquisition of other banks or financial institutions and other complementary businesses as opportunities arise, and the maintenance of capital and liquidity ratios.

Stephens Inc. and Raymond James & Associates, Inc. are acting as joint bookrunners for the offering.  Keefe, Bruyette & Woods, a Stifel Company, and Sandler O’Neill + Partners, L.P. are acting as co-managers.

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