IPO Filing Alert: Venture Financial Group, Venture Bank
Venture Financial Group, Inc. has filed to come public via an IPO under the ticker "VNBK" on NASDAQ. Venture Financial is a bank holding company and parent of Washington state-chartered Venture Bank that operates in the southern Puget Sound region.…
Venture Financial Group, Inc. has filed to come public via an IPO under the ticker "VNBK" on NASDAQ. Venture Financial is a bank holding company and parent of Washington state-chartered Venture Bank that operates in the southern Puget Sound region.
The IPO filing is for up to $46 million in securities. Keefe Bruyette & Woods and D.A.Davidson are the only two underwriters listed in the filing. This chartered bank has made several acquisitions in the area. As of march 31 ithad $1.1 Billion in assets with net loans listed as $721.2 million, net deposits as $787.4 million, and shareholders equity at $87.5 million. It also claims 12-months trailing diluted earnings per share of $1.65 EPS. Venture Bank was established in 1979 and now operates 18 full-service financial centers located primarily along the Interstate 5 corridor in the Puget Sound region of western Washington.
Jon C. Ogg
July 17, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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