GBank Financial Holdings Inc. (Uplisting)
General Information | |
Business: | Note: This is NOT an IPO. This is a NASDAQ uplisting from the OTCQX Market – a public offering. The company said it intends to apply to NASDAQ to list its stock on the NASDAQ. (Incorporated in Nevada)Background: On March 11, 2025, the closing bid price of our common stock was $31.00 per share. These prices will fluctuate based on the demand for our common stock.Note: The Selling Stockholders acquired the securities offered hereby in the ordinary course of business and have advised us that they have not entered into any agreements, understandings or arrangements with any underwriters or broker-dealers regarding the sale of their shares of common stock, nor is there an underwriter or coordinating broker acting in connection with a proposed sale of shares of common stock by any Selling Stockholder. We will file a supplement to this prospectus if a Selling Stockholder enters into a material arrangement with a broker-dealer for sale of common stock being registered. If the Selling Stockholders use this prospectus for any sale of the shares of common stock, it will be subject to the prospectus delivery requirements of the Securities Act.GBank Financial Holdings Inc. is a bank holding company headquartered in Las Vegas, Nevada and registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”).Through our wholly owned bank subsidiary, GBank, we operate two full-service commercial branches in Las Vegas, Nevada to provide a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in Nevada, California, Utah, and Arizona.Our founding members, including our Executive Chairman of the Board, Edward M. Nigro, recognized a need in the greater Las Vegas area for a solutions-oriented, relationship bank focused on middle market companies and real estate entrepreneurs who generally require loans of $200 thousand to $20 million, a size often overlooked or deprioritized by larger financial institutions. GBank was established in 2007 with the goal of helping these underserved clients build and sustain wealth.By combining the relationship-based focus of a community bank with the extensive suite of financial products and services offered by our largest competitors, we believe that we are well-positioned to continue to capitalize on the significant growth opportunities available not only in the greater Las Vegas and Clark County area, but regionally and nationally through our Small Business Administration (“SBA”) lending, Gaming Fintech, and credit card initiatives. These activities, together with our two strategically located banking centers, generate a stable source of low-cost core deposits and a diverse loan portfolio with attractive risk-adjusted yields.As of December 31, 2024, our assets, loans, deposits and stockholders’ equity totaled $1.1 billion, $816.0 million, $935.1 million and $140.7 million, respectively.Through our experienced team of commercial relationship managers and our integrated, client-centric approach, we have successfully demonstrated our ability to consistently grow market share by deepening existing client relationships and continually expanding our client base. We have grown our diversified loan portfolio at a 27.16% compound annual growth rate (“CAGR”) since 2016, with the majority of growth sourced from our commercial real estate and commercial and industrial portfolios through our government-guaranteed lending programs.
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Industry: | Financial Services - Banking |
Employees: | 169 |
Founded: | 2007 |
Contact Information | |
Address | 9115 W. Russell Rd., Ste. 110 Las Vegas, Nevada 89148 (702) 851-4200 |
Phone Number | (702) 851-4200 |
Web Address | http://www.gbankfinancialholdings.com/ |
View Prospectus: | GBank Financial Holdings Inc. (Uplisting) |
Financial Information | |
Market Cap | $441.9mil |
Revenues | $91.4 mil (last 12 months) |
Net Income | $18.64 mil (last 12 months) |
IPO Profile | |
Symbol | GBNK |
Exchange | NASDAQ |
Shares (millions): | 1.1 |
Price range | $31.00 - $31.00 |
Est. $ Volume | $33.5 mil |
Manager / Joint Managers | None |
CO-Managers | |
Expected To Trade: | |
Status: | TBA |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |