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Oklahoma City-based Bank7 estimates IPO price range

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Oklahoma City-based Bank7 estimates IPO price range

Oklahoma City-based Bank7 Corp is offering 2,825,000 common shares while selling shareholders are offering 500,000 common shares of the company. Selling shareholders are William Bradford Haines Financial Services Trust, Lisa K. Haines Financial Services Trust and Julee S. Lawrence Financial Services Trust.

The company expects the per-share public offering price of its common stock to be between $18 and $21.

It plans to use part of the net proceeds from the offering to finance a cash distribution of about $50.0 million to its existing shareholders immediately after the closing of this offering.