Just days after Baton Rouge-based Business First Bank commenced trading on Nasdaq under the ticker symbol BFST, another Louisiana bank has confirmed its plan to go public.
Origin Bank, the largest financial institution headquartered in northern Louisiana, has filed paperwork to become a public company traded on Nasdaq, the USA Today Network of Louisiana reports.
Origin Bancorp, the bank’s parent company, filed paperwork on Tuesday with the Securities and Exchange Commission to raise up to $90 million in an initial public offering. The bank, headquartered in Ruston, plans to trade under the stock symbol OBNK.
It has about 700 employees and more than 40 branches in Louisiana, Mississippi and Texas. The bank has about $4.2 billion in assets.
President and CEO Drake Mills declined to discuss details about the matter until the process is complete. Business First Bancshares began trading on Nasdaq on Monday. The bank’s stocked closed at $30 a share, though its stock information has not been updated. Â
