WASHINGTON -- Peoples Bank Corporation of Indianapolis, the holding company for Peoples Bank and Trust Co., filed an initial public offering of 408,163 nonvoting common shares.
In a filing with the Securities and Exchange Commission, Peoples said it expects the stock to come to market at between $23.50 and $25.50 a share.
Proceeds from the offering, estimated at $9.2 million, will be used for general purposes, the company said.
McDonald & Co. Securities and Raffensperger Hughes & Co. will be the underwriters. The overallotment option is for 61,225 shares.
The company said it will have about 1.68 million voting and nonvoting common shares outstanding after the offering.
