IPOs

CrossFirst Bankshares intends to use its share of the proceeds for general corporate purposes, including support of future growth, according to a registration statement.

In a registration statement filed with the SEC, the company revealed new details about its financial performance and its growth plans.

The company could use its share of proceeds from the IPO to repay debt and pursue bank acquisitions.

The initial public offering of payment-service company Nexi SpA raised 2.01 billion euros ($2.3 billion), making it the biggest listing in Europe so far this year and the third major IPO of a payment-processing institution in the region in less than a year.

Over time, Pinterest has built a powerful e-commerce and payments engine underneath its social network site. This enables any Pinterest post to double as a portal for commerce — one that is especially powerful on mobile.

The House Financial Services Committee chairman said "so far, the United States Senate has done nothing" on a bill that passed the House with over 400 votes.

The company and certain investors plan to sell $35 million in stock through the proposed offering.

FVCBancorp will use part of the proceeds to help pay for its pending acquisition of Colombo Bank.

Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles.

While Workers United will no longer own more than half of Amalgamated's stock, it will remain the bank's biggest investor.