ServisFirst Bancshares in Birmingham, Ala., has filed plans to raise $72 million through in initial public offering.
The $3.5 billion-asset company said in a prospectus filed late last month that it would list the shares under the stock symbol SFBS. The company did not disclose how many shares it plans to sell or the price per share.
Sandler O'Neill and Raymond James will handle the offering.
ServisFirst said it would use proceeds for purposes that could include acquisition, investment and the repayment of debt. "Although we may, from time to time in the ordinary course of our business, evaluate potential acquisition opportunities that we believe are complementary to our business and provide attractive risk-adjusted returns, we do not have any immediate plans, arrangements or understandings relating to any material acquisition," the filing added.