Chain Bridge Bancorp files for IPO in McLean, Virginia

On September 13, 2024, Chain Bridge Bancorp, Inc. filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The specific number of shares and the price range for the offering have yet to be determined. The company intends to list its shares on the New York Stock Exchange under the ticker symbol 'CBNA.' Piper Sandler & Co., Raymond James & Associates, Inc., and Hovde Group, LLC are serving as book-running managers for this offering. The registration statement has been submitted but is not yet effective, meaning that no securities can be sold or offers accepted until it becomes effective. The offering will be conducted in compliance with the requirements of the Securities Act of 1933, and a prospectus will be made available to potential investors once it is finalized. Interested parties can obtain copies of the preliminary prospectus from the designated book-running managers. Chain Bridge Bancorp, Inc. operates as a bank holding company for Chain Bridge Bank, National Association, and is regulated by the Federal Reserve. The bank is chartered under the National Bank Act and is subject to oversight by the Office of the Comptroller of the Currency. This IPO marks a significant step for the company as it seeks to expand its capital base and enhance its market presence.