FB Bancorp, Inc. Files S-1 Registration Statement
Ticker: FBLA · Form: S-1 · Filed: Mar 4, 2024 · CIK: 2013639
| Field | Detail |
|---|---|
| Company | Fb Bancorp, INC. /Md/ (FBLA) |
| Form Type | S-1 |
| Filed Date | Mar 4, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $10.00, $50, $250, $700,000, $1,200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: S-1, Registration Statement, FB Bancorp, SEC Filing, Securities Offering
TL;DR
<b>FB Bancorp, Inc. has filed an S-1 registration statement for an upcoming securities offering.</b>
AI Summary
FB Bancorp, Inc. /MD/ (FBLA) filed a IPO Registration (S-1) with the SEC on March 4, 2024. FB Bancorp, Inc. filed an S-1 registration statement with the SEC on March 4, 2024. The company is incorporated in Maryland and its principal executive offices are located in New Orleans, Louisiana. The filing is for a registration of securities under the Securities Act of 1933. FB Bancorp, Inc. is classified as a non-accelerated filer, smaller reporting company, and emerging growth company. The proposed sale of securities is expected to commence as soon as practicable after the registration statement becomes effective.
Why It Matters
For investors and stakeholders tracking FB Bancorp, Inc. /MD/, this filing contains several important signals. This S-1 filing indicates FB Bancorp, Inc. is preparing to offer securities to the public, which could signal growth or capital-raising initiatives. As an emerging growth company and smaller reporting company, FB Bancorp, Inc. may benefit from certain regulatory accommodations, potentially impacting its financial reporting and compliance.
Risk Assessment
Risk Level: low — FB Bancorp, Inc. /MD/ shows low risk based on this filing. The risk is low as this is a standard S-1 filing for a registration statement, indicating a preliminary step in a potential offering rather than an immediate event with disclosed financial performance or market impact.
Analyst Insight
Monitor future filings for details on the securities offering, pricing, and the company's financial performance to assess investment potential.
Key Numbers
- 333-277630 — SEC File Number (Registration Statement)
- 24713970 — Film Number (SEC Filing)
- 2024-03-04 — Filing Date (S-1 Registration Statement)
- 353 Carondelet Street — Principal Executive Office Street (New Orleans, Louisiana)
- (504) 569-8640 — Business Phone Number (Registrant)
Key Players & Entities
- FB Bancorp, Inc. (company) — Registrant
- Christopher Ferris (person) — President and Chief Executive Officer
- Thomas Hutton (person) — Counsel
- Marc P. Levy (person) — Counsel
- Luse Gorman, PC (company) — Legal Counsel
- Ross Bevan (person) — Counsel
- Silver, Freedman, Taff & Tiernan LLP (company) — Legal Counsel
FAQ
When did FB Bancorp, Inc. /MD/ file this S-1?
FB Bancorp, Inc. /MD/ filed this IPO Registration (S-1) with the SEC on March 4, 2024.
What is a S-1 filing?
A S-1 is a registration statement for initial public offerings, containing the prospectus with business description, financials, and risk factors. This particular S-1 was filed by FB Bancorp, Inc. /MD/ (FBLA).
Where can I read the original S-1 filing from FB Bancorp, Inc. /MD/?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by FB Bancorp, Inc. /MD/.
What are the key takeaways from FB Bancorp, Inc. /MD/'s S-1?
FB Bancorp, Inc. /MD/ filed this S-1 on March 4, 2024. Key takeaways: FB Bancorp, Inc. filed an S-1 registration statement with the SEC on March 4, 2024.. The company is incorporated in Maryland and its principal executive offices are located in New Orleans, Louisiana.. The filing is for a registration of securities under the Securities Act of 1933..
Is FB Bancorp, Inc. /MD/ a risky investment based on this filing?
Based on this S-1, FB Bancorp, Inc. /MD/ presents a relatively low-risk profile. The risk is low as this is a standard S-1 filing for a registration statement, indicating a preliminary step in a potential offering rather than an immediate event with disclosed financial performance or market impact.
What should investors do after reading FB Bancorp, Inc. /MD/'s S-1?
Monitor future filings for details on the securities offering, pricing, and the company's financial performance to assess investment potential. The overall sentiment from this filing is neutral.
How does FB Bancorp, Inc. /MD/ compare to its industry peers?
FB Bancorp, Inc. operates within the financial services sector, likely as a bank holding company, preparing for a public securities offering.
Are there regulatory concerns for FB Bancorp, Inc. /MD/?
The filing is made under the Securities Act of 1933, which governs the registration of new securities offerings in the United States.
Industry Context
FB Bancorp, Inc. operates within the financial services sector, likely as a bank holding company, preparing for a public securities offering.
Regulatory Implications
The filing is made under the Securities Act of 1933, which governs the registration of new securities offerings in the United States.
What Investors Should Do
- Review the full S-1 filing for details on the proposed securities offering, including the number of shares and intended use of proceeds.
- Track future SEC filings from FB Bancorp, Inc. for updates on the offering's progress and the company's financial health.
- Research the company's business model and market position to understand the context of the securities offering.
Key Dates
- 2024-03-04: Filing of S-1 Registration Statement — Indicates the company's intent to offer securities to the public.
Year-Over-Year Comparison
This is the initial S-1 filing for FB Bancorp, Inc., indicating a new phase for the company regarding public capital markets.
Filing Stats: 4,788 words · 19 min read · ~16 pages · Grade level 13.7 · Accepted 2024-03-04 12:55:42
Key Financial Figures
- $10.00 — shares of its common stock for sale at $10.00 per share. Following the stock offering
- $50 — cription Offering: (1)Each person with $50 or more on deposit at Fidelity as of th
- $250 — 401(k) Plan, the minimum investment is $250, which will purchase 25 shares. No indi
- $700,000 — s. No individual may purchase more than $700,000 (70,000 shares) of FB Bancorp common st
- $1,200,000 — erson or entity, may purchase more than $1,200,000 (120,000 shares) of FB Bancorp common s
- $31,798,350 — employees of Fidelity was approximately $31,798,350. How to Order Stock in the Offering
- $0.05 — In addition, a brokerage commission of $0.05 per share of stock purchased will be ch
Filing Documents
- d756920ds1.htm (S-1) — 2261KB
- d756920dex11.htm (EX-1.1) — 90KB
- d756920dex2.htm (EX-2) — 134KB
- d756920dex31.htm (EX-3.1) — 56KB
- d756920dex32.htm (EX-3.2) — 102KB
- d756920dex4.htm (EX-4) — 12KB
- d756920dex5.htm (EX-5) — 7KB
- d756920dex81.htm (EX-8.1) — 31KB
- d756920dex82.htm (EX-8.2) — 21KB
- d756920dex101.htm (EX-10.1) — 72KB
- d756920dex103.htm (EX-10.3) — 81KB
- d756920dex104.htm (EX-10.4) — 63KB
- d756920dex105.htm (EX-10.5) — 38KB
- d756920dex21.htm (EX-21) — 2KB
- d756920dex232.htm (EX-23.2) — 2KB
- d756920dex234.htm (EX-23.4) — 3KB
- d756920dex991.htm (EX-99.1) — 66KB
- d756920dex992.htm (EX-99.2) — 5KB
- d756920dex993.htm (EX-99.3) — 1402KB
- d756920dex994.htm (EX-99.4) — 80KB
- d756920dex995.htm (EX-99.5) — 81KB
- d756920dex996.htm (EX-99.6) — 8KB
- d756920dexfilingfees.htm (EX-FILING FEES) — 17KB
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- 0001193125-24-057362.txt ( ) — 5909KB
RISK FACTORS
RISK FACTORS 1 THE OFFERING 1 Securities Offered 1 Election to Purchase FB Bancorp Common Stock 2 Purchase Priorities 2 Purchases in the Offering and Oversubscriptions 3 Composition of the FB Bancorp Stock Fund 3 Minimum and Maximum Investment 4 Value of the 401(k) Plan Assets 4 How to Order Stock in the Offering 4 Order Deadline 6 Irrevocability of Transfer Direction 6 Future Direction to Purchase and Sell Common Stock 6 Voting Rights of Common Stock 7 DESCRIPTION OF THE 401(k) PLAN 7 Introduction 7 Eligibility and Participation 7 Contributions under the Plan 7 Limitations on Contributions 8 Benefits under the 401(k) Plan 8 Investment of Contributions and Account Balances 9 Performance History 9 Description of the Investment Funds 10 FB Bancorp Stock Fund 13 Withdrawals from the 401(k) Plan 14 Administration of the 401(k) Plan 14 Amendment and Termination 14 Merger, Consolidation or Transfer 14 Federal Income Tax Consequences 14 Notice of Your Rights Concerning Employer Securities 15 Additional ERISA Considerations 16 Securities and Exchange Commission Reporting and Short-Swing Profit Liability 16 Financial Information Regarding 401(k) Plan Assets 17 LEGAL OPINION 17 Table of Contents
RISK FACTORS
RISK FACTORS In addition to considering the material risks disclosed under Risk Factors beginning on page [#] of the attached prospectus, you should also consider the following: If you elect to purchase FB Bancorp common stock using your 401(k) Plan account balance and the stock offering is oversubscribed, you will bear the risk of price changes in the investment funds of the 401(k) Plan. If you elect to purchase FB Bancorp common stock using your 401(k) Plan account balance, the 401(k) Plan trustee will sell the designated amount within your 401(k) Plan account among your investment fund balances. If the stock offering is oversubscribed ( i.e. , there are more orders for FB Bancorp common stock than shares available for sale in the stock offering) and the 401(k) Plan trustee cannot use any or all of the funds you allocate to purchase FB Bancorp common stock, the funds that cannot be invested in FB Bancorp common stock, and any interest earned on such funds, will be reinvested in your existing investment funds of the 401(k) Plan, according to your then existing investment election ( i.e. , in proportion to your investment direction for future contributions). During the period from when the 401(k) Plan trustee sells a portion of your investment funds until reinvestment of some or all of those funds back into your investment funds as a result of an oversubscription, you will bear the risk of price changes in the investment funds. It is possible that during this period some or all of the investment funds may have increased in value more than the amount of any interest you may have earned on the reinvested funds before reinvestment. See The Offering Purchases in the Stock Offering and Oversubscriptions in this prospectus supplement. THE OFFERING Securities Offered Fidelity is offering participants in the 401(k) Plan the opportunity to purchase participation interests in shares of FB Bancorp common stock through the 401(k) Plan. A participation interest repre