Five Star Bancorp in Rancho Cordova, Calif., is looking to raise about $71 million from selling common stock.
The $3.6 billion-asset company said in a press release that it should complete the offering on April 1.
Five Star plans to use the offering’s net proceeds for general corporate purposes and to support continued growth.
Keefe, Bruyette & Woods was the bookrunner; Stephen and D.A. Davidson & were co-managers.