Level One Bancorp, Inc. Closes $32M Initial Public Offering
The Barack Ferrazzano Financial Institutions Group served as counsel for Level One Bancorp, Inc. (“Level One”) (Nasdaq: LEVL) in connection with its initial public offering. Barack Ferrazzano's team was led by John Freechack along with Bill Fay and Emily Henkel. Andy Strimaitis and K.C. Klagos advised on executive compensation matters.
On April 20, 2018, Level One, a $1.3 billion-asset company, completed its initial public offering. In the offering, Level One sold 1,150,765 shares at an initial offering price of $28 per share. The selling shareholders sold an additional 229,235 shares of common stock at the same offering price. Shares began trading on the Nasdaq Global Select Market on Friday, April 20, 2018 under the symbol “LEVL.”
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Level One Bancorp, Inc.
Level One Bancorp, Inc. is the holding company for Level One Bank, a full-service commercial and consumer bank headquartered in Michigan with assets of approximately $1.3 billion as of December 31, 2017. It currently operates twelve full-service banking centers located throughout Southeast Michigan and West Michigan. Level One Bank’s success has been recognized both locally and nationally as the U.S. Small Business Administration’s (SBA) "Community Lender of the Year" and "Export Finance Lender of the Year", one of S&P Global’s Top 10 "Best-Performing Community Banks" in the nation, Inc. Magazine’s list of 5,000 "Fastest Growing Private Companies in America", and one of American Banker Magazine’s "Best Banks to Work For."
Barack Ferrazzano Financial Institutions Group
Our 30-attorney Group has represented more than 250 financial institutions across the country. Our M&A experience is unparalleled—in 2017 we were the #1 legal advisor in the U.S. by announced bank and thrift M&A transactions and over the past decade, our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to S&P Global Market Intelligence. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2018 report.
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