RICHMOND – Troutman Pepper Locke advised Keefe, Bruyette & Woods, a full-service boutique investment bank and broker-dealer, as sole bookrunner in the completed initial public offering of 5,500,000 shares of common stock by First Carolina Financial Services, Inc., the holding company of First Carolina Bank, at $12.50 per share for gross proceeds of approximately $69 million.
The Troutman Pepper Locke team that advised Keefe, Bruyette & Woods was led by Seth Winter and Alex Yarbrough and included Joshua Eastwood and Madison Fitzgerald.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys leverage broad experience and deep industry knowledge to help clients navigate global markets and achieve their capital-raising objectives. The firm’s capital markets team represents domestic and foreign private issuers, underwriters, selling and controlling shareholders, and other market participants in a wide range of capital markets transactions. From global financial institutions to small banks and non-bank financial service providers, clients depend on Troutman Pepper Locke to help them achieve their strategic and commercial goals while managing regulatory and litigation risk.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.