Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.8.0.1
Subsequent Events
3 Months Ended
Mar. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events

NOTE 13. SUBSEQUENT EVENTS

On May 3, 2018, the Company completed its initial public offering of 2,300,000 shares of its common stock at a price of $21.00 per share, which included 300,000 shares pursuant to the full exercise by the underwriters of their option to purchase additional shares of common stock from the Company. Proceeds from this offering, net of underwriting discounts and estimated offering expenses payable by the Company are estimated to be $42.6 million. We intend to use the net proceeds to support our organic growth and for general corporate purposes, including maintenance of our required regulatory capital and potential future acquisition opportunities, and to repay certain outstanding indebtedness.