By Fola Akinnibi (August 30, 2016, 3:38 PM EDT) -- CapStar Financial Holdings Inc. filed plans for a $46 million initial public offering on Monday, a move that comes about a week after First Bank owner FB Financial Corp., another Tennessee bank, filed plans for an IPO.
The Nashville holding company, which owns the Tennessee chartered state bank CapStar Bank, has $1.3 billion in assets and operates out of seven locations. It is the 11th company to announce IPO plans in the U.S. this month, a drop-off from the 24 filings last August, according to IPO researcher Renaissance Capital.
Proceeds from the offering will be used for general corporate purposes, including...
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