ServisFirst Bancshares Prices IPO At $91/Shr, Low End Of Expected Range

(RTTNews) - ServisFirst Bancshares Inc., a bank holding company, announced that it has priced initial public offering of 625,000 shares of common stock at $91 per share, which is the low end of the expected range of $91.00 and $93.00 per share. The closing of the offering is expected to occur on May 19, 2014.

The Birmingham, Alabama- based bank shares are expected to begin trading on the Nasdaq Global Select Market on May 14, 2014, under the symbol "SFBS."

The underwriters of the offering have a 30-day option to buy additional 93,750 shares of common stock from ServisFirst at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.

Sandler O'Neill & Partners, L.P. is acting as sole book-running manager and Raymond James & Associates, Inc. is acting as co-manager for the offering.