Philadelphia's Meridian Bank prices $40 million IPO at $17 low end
Meridian Bank, a commercial bank with 22 locations in the Philadelphia MSA, raised $40 million by offering 2.35 million shares at $17, the low end of the range of $17 to $19. Meridian Bank plans to list on the Nasdaq under the symbol MRBK. Sandler O'Neill acted as a lead manager on the deal.
The article Philadelphia's Meridian Bank prices $40 million IPO at $17 low end originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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