Chain Bridge Bancorp in Virginia lines up initial public offering

Chain Bridge Bancorp in McLean, Va., is planning an initial public offering.

The holding company for the $1.4 billion-asset Chain Bridge Bank said in a regulatory filing that it plans to list on the New York Stock Exchange. The size of the offering has yet to be determined.

Proceeds will be used to repay borrowings under an unsecured line of credit and for other general corporate purposes.

Piper Sandler, Raymond James and Hovde Group are the underwriters.