Chain Bridge Bancorp Files S-1 for Public Offering

TL;DR

Chain Bridge Bancorp just filed an S-1, looks like they're going public soon.

AI Summary

Chain Bridge Bancorp, Inc. filed an S-1 registration statement on September 13, 2024, to register an unspecified number of shares. The company, incorporated in Delaware with its principal executive offices in McLean, VA, operates in the national commercial banking sector. This filing indicates their intent to offer securities to the public, likely for capital raising or to facilitate a future transaction.

Why It Matters

This S-1 filing is a crucial step for Chain Bridge Bancorp, Inc. as it signals their intention to become a publicly traded company, which could lead to increased capital availability and market visibility.

Risk Assessment

Risk Level: medium — As an S-1 filing, it represents a company entering the public markets, which inherently carries risks related to market volatility, regulatory scrutiny, and business execution.

Key Numbers

• 20240913 — Filing Date (Indicates the date the S-1 was submitted to the SEC.)
• 6021 — SIC Code (Identifies the company's industry as National Commercial Banks.)
• 204957796 — IRS Number (Company's Employer Identification Number.)

Key Players & Entities

• CHAIN BRIDGE BANCORP INC (company) — Registrant
• Rachel G. Miller (person) — Agent for Service
• Sullivan & Cromwell LLP (company) — Legal Counsel
• Catherine M. Clarkin (person) — Copies to Counsel
• Stephen M. Salley (person) — Copies to Counsel
• Kevin M. Houlihan (person) — Copies to Counsel
• Mark R. Goldschmidt (person) — Copies to Counsel
• 333-282102 (dollar_amount) — SEC File Number

FAQ

Key Financial Figures

• $0.01 — ares of Class A common stock, par value $0.01 per share, of Chain Bridge Bancorp, Inc
• $1.00 — k refers to our common stock, par value $1.00 per share, prior to the Reclassificatio
• $1.4 b — June 30, 2024, we held total assets of $1.4 billion, including $488.0 million in cash
• $488.0 million — total assets of $1.4 billion, including $488.0 million in cash and cash equivalents, of which
• $471.2 million — in cash and cash equivalents, of which $471.2 million were interest-bearing reserves held at
• $604.0 million — Federal Reserve. Our portfolio included $604.0 million in securities, with $246.6 million or 4
• $246.6 million — uded $604.0 million in securities, with $246.6 million or 40.6% of that in U.S. Treasury secur
• $300.4 million — fees and costs and allowances, totaled $300.4 million. Our total deposits stood at $1.3 billi
• $1.3 b — .4 million. Our total deposits stood at $1.3 billion, with stockholders equity at $94.
• $94.0 million — .3 billion, with stockholders equity at $94.0 million. Approximately 94.2% of these deposits
• $364.0 m — ed total assets under administration of $364.0 million, consisting of $98.0 million of a
• $98.0 million — ration of $364.0 million, consisting of $98.0 million of assets under management and $266.0 m
• $266.0 million — million of assets under management and $266.0 million of assets under custody as of June 30,
• $499.2 million — ditionally, as of June 30, 2024, we had $499.2 million in excess deposits sold one-way to othe
• $392 — y growth in our book value per share of $392 during the six months ended June 30, 20

Filing Documents

• d807354ds1.htm (S-1) — 3297KB
• d807354dex31.htm (EX-3.1) — 88KB
• d807354dex51.htm (EX-5.1) — 4KB
• d807354dex101.htm (EX-10.1) — 46KB
• d807354dex102.htm (EX-10.2) — 76KB
• d807354dex103.htm (EX-10.3) — 67KB
• d807354dex211.htm (EX-21.1) — 2KB
• d807354dex231.htm (EX-23.1) — 2KB
• d807354dexfilingfees.htm (EX-FILING FEES) — 22KB
• g807354g05v91.jpg (GRAPHIC) — 119KB
• g807354g06a09.jpg (GRAPHIC) — 212KB
• g807354g07a07.jpg (GRAPHIC) — 84KB
• g807354g0911124229125.jpg (GRAPHIC) — 4KB
• g807354g09f11.jpg (GRAPHIC) — 87KB
• g807354g15e36.jpg (GRAPHIC) — 246KB
• g807354g17i66.jpg (GRAPHIC) — 51KB
• g807354g28l81.jpg (GRAPHIC) — 104KB
• g807354g35v59.jpg (GRAPHIC) — 728KB
• g807354g39t40.jpg (GRAPHIC) — 50KB
• g807354g41n44.jpg (GRAPHIC) — 75KB
• g807354g47n36.jpg (GRAPHIC) — 83KB
• g807354g49d05.jpg (GRAPHIC) — 52KB
• g807354g53j84.jpg (GRAPHIC) — 71KB
• g807354g53l20.jpg (GRAPHIC) — 168KB
• g807354g63s53.jpg (GRAPHIC) — 46KB
• g807354g66j80.jpg (GRAPHIC) — 47KB
• g807354g67c01.jpg (GRAPHIC) — 54KB
• g807354g67q36.jpg (GRAPHIC) — 50KB
• g807354g78n57.jpg (GRAPHIC) — 74KB
• g807354g95u68.jpg (GRAPHIC) — 54KB
• 0001193125-24-218855.txt ( ) — 6937KB

Risk Factors

Risk Factors 27 Cautionary Note Regarding Forward-Looking Statements 66

Use of Proceeds

Use of Proceeds 68 Dividend Policy and Dividends 69 Capitalization 70

Managements Discussion and Analysis of Financial Condition and Results

Managements Discussion and Analysis of Financial Condition and Results of Operations 74

Business

Business 111 Supervision and Regulation 132 Management 142 Executive and Director Compensation 152

Security Ownership of Certain Beneficial Owners and

Security Ownership of Certain Beneficial Owners and Management 157 Certain Relationships and Other Related Party Transactions 161

Description of Capital Stock

Description of Capital Stock 163 Shares Eligible for Future Sale 169 Material United States Tax Consequences to Non-U.S. Holders of Common Stock 171

Underwriting

Underwriting 175 Validity of Class A Common Stock 179 Experts 179 Where You Can Find More Information 179 Index to Financial Statements F-1 We have not, and the underwriters have not, authorized anyone to provide any information or to make any representation other than those contained in this prospectus or any free writing prospectuses we have prepared. We and the underwriters take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We are offering to sell, and seeking offers to buy, shares of our Class A common stock only in jurisdictions where offers and sales are permitted. You should assume that the information appearing in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or any sale of shares of our Class A common stock. Our business, financial condition, results of operations and prospects may have changed since that date. Through and including, 2024 (the 25th day after the date of this prospectus), all dealers effecting transactions in our Class A common stock, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to a dealers obligation to deliver a prospectus when acting as an underwriter and with respect to an unsold allotment or subscription. Market and Industry Data Within this prospectus, we reference certain industry and sector information and statistics. We have obtained this information and these statistics from various independent, third-party sources. Nothing in the data used or derived from third-party sources should be construed as advice. Some data and other information are also based on our good faith estimates, which are derived from our review of internal surveys and independent sources. We believe that these external sources and estimates are reliable, but have not independently verified them. Statements as to our mark

View Full Filing

View this S-1 filing on SEC EDGAR