River City Bank, a Sacramento, California-based lender, has priced its initial public offering at $45.00 per share for 2,700,000 shares of common stock, the bank said in a statement.
The shares are scheduled to commence trading on the Nasdaq Capital Market under the symbol RCBC on August 6, 2026. The offering is expected to close on August 7, 2026, subject to customary closing conditions.
According to the bank, the entire offering is composed of existing shares held by two longtime shareholders associated with the family of the bank's founder, Jon Kelly. No new shares are being issued by the bank in connection with the offering, making it a 100% secondary sale.
Raymond James & Associates and Keefe, Bruyette & Woods, a Stifel Company, are serving as joint book-running managers for the transaction. D.A. Davidson & Co. and Stephens Inc. are acting as co-managers.
River City Bank reported its financial position as of June 30, 2026: approximately $6.0 billion in total assets, $4.7 billion in gross loans, and $5.4 billion in deposits. The bank operates across several business lines, including commercial banking, commercial real estate, clean energy, and public sector banking, among other areas.
An offering circular related to the securities has been filed with and accepted by the Federal Deposit Insurance Corporation.
Transaction snapshot
- Shares being offered: 2,700,000 common shares
- Offer price: $45.00 per share
- Exchange and ticker: Nasdaq Capital Market - RCBC
- Expected trading date: August 6, 2026
- Expected close date: August 7, 2026 (subject to customary closing conditions)
- Offering composition: 100% secondary; existing shares from two longtime shareholders associated with founder Jon Kelly's family
This announcement provides the core deal terms, the parties handling the offering, and a snapshot of River City Bank's balance-sheet metrics as of June 30, 2026. It also confirms regulatory filing activity with the FDIC.