Bank7 (NASDAQ:BSVN) Announces September 20th IPO

Bank7 (BSVN) plans to raise $64 million in an initial public offering on Thursday, September 20th, IPO Scoop reports. The company plans to issue 3,300,000 shares at $18.00-$21.00 per share.

In the last year, Bank7 generated $43 million in revenue and $15.7 million in net income. Bank7 has a market cap of $197.2 million.

Keefe, Bruyette & Woods (A Stifel Company) and Stephens served as the underwriters for the IPO and Sandler O’Neill + Partners was co-manager.

Bank7 provided the following description of their company for its IPO: ”  We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate seven full-service branches in Oklahoma, the Dallas/Fort Worth metropolitan area and Kansas. “.

Bank7 was founded in 1901 and has 74 employees. The company is located at 1039 N.W. 63rd Street, Oklahoma City, OK 73116, US and can be reached via phone at (405) 810-8600 or on the web at http://www.bank7.com.

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