Five Star Bancorp in Rancho Cordova, Calif., plans to raise more than $113 million by selling common stock.
The company disclosed in a regulatory filing that it aims to sell about 2.7 million shares of stock at $44 each in a public offering. Five Star could sell an additional 409,000 shares if there is sufficient demand.
Net proceeds would be used for general corporate purposes and to support growth, including investments in the bank, and for working capital.