Esquire Financial Holdings in Jericho, N.Y., is planning to go public.
The $437 million-asset company has filed to raise about $40.3 million through an initial public offering. Esquire did not detail how many shares it plans to sell or the expected pricing.
The company said net proceeds could be used to make larger loans due to higher lending limits. Esquire may also consider acquisitions.
Esquire, founded in 2006, specializes in financial services for law firms. It previously converted from a savings and loan holding company to a bank holding company.