Midwest community bank Talmer Bancorp prices IPO at $13, within the range

By Renaissance Capital,

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Talmer Bancorp, a Wilbur Ross-backed regional bank with 94 branches in the Midwest, raised $202 million by offering 15.6 million shares (76% insider) at $13, within the range of $12.50 to $14.50. At the offer price, the company commands a market cap of approximately $980 million. Talmer Bancorp will list on the NASDAQ under the symbol TLMR. Keefe Bruyette Woods and  J.P. Morgan acted as lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: TLMR

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