People’s Utah registers up to $40.25 million of common stock for IPO

D.A. Davidson will be the bookrunner; funds used to expand operations

By Devika Patel

Knoxville, Tenn., April 20 – People’s Utah Bancorp will price an initial public offering of common stock with a 30-day greenshoe, according to a Form S-1 filed Monday with the Securities and Exchange Commission. The company has registered up to $40.25 million of stock.

D.A. Davidson & Co. is the bookrunning manager. Sandler O’Neill + Partners, LP and FIG Partners, LLC are co-managers.

Proceeds will be used to expand operations by opening new branches, for acquisitions and for general corporate purposes.

The holding company for Bank of American Fork and Lewiston State Bank is based in American Fork, Utah. The company expects its shares will trade on the Nasdaq under the symbol “PUB.”

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