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Strategy
02/08/2024

What the Board Should Know Before Going Public

Filing an IPO can carry a splash factor, but directors should be fully aware of the benefits and drawbacks to public ownership.

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About the authors
Written by
Laura Alix Director of Research

Laura Alix is the Director of Research at Bank Director, where she collaborates on in-depth strategic research for bank directors and senior executives, including Bank Director’s annual surveys. She also writes for BankDirector.com and edits online video content. Laura is particularly interested in workforce recruitment and retention strategies, and environmental, social and governance issues facing the banking industry. Previously, she covered national and regional banks for American Banker, and before that, she covered community banks for Banker & Tradesman and The Commercial Record. Based in Boston, she has a bachelor’s degree from the University of Connecticut and a master’s degree from CUNY Brooklyn College. You can follow her on Twitter or connect on LinkedIn.

Laura Alix
Director of Research
For many banks, transitioning from private to public ownership can be a precursor to acquisition ambitions, but that’s not the rationale for every publicly traded financial institution. “For us, it was driven primarily by [organic] growth,” says Bart Caraway, CEO and chairman of Third Coast Bancshares in Humble, Texas. The $4.4 billion Third Coast completed its initial public offering in November 2021; its stock trades on the Nasdaq exchange. The bank has more than doubled in assets since mid-2021, right before it went public, by hiring talented bankers away from competitors. Those bankers brought over clients rich in deposits and…

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WRITTEN BY

Laura Alix

Director of Research

Laura Alix is the Director of Research at Bank Director, where she collaborates on in-depth strategic research for bank directors and senior executives, including Bank Director’s annual surveys. She also writes for BankDirector.com and edits online video content. Laura is particularly interested in workforce recruitment and retention strategies, and environmental, social and governance issues facing the banking industry. Previously, she covered national and regional banks for American Banker, and before that, she covered community banks for Banker & Tradesman and The Commercial Record. Based in Boston, she has a bachelor’s degree from the University of Connecticut and a master’s degree from CUNY Brooklyn College. You can follow her on Twitter or connect on LinkedIn.