Narragansett Bancorp, Inc. Announces Closing of Initial Public Offering
PR Newswire•02/11/2026•08:28 ET
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Key Highlights
- ➤9,098,800 shares sold in Narragansett Bancorp's initial public offering
- ➤11,638,000 shares issued to Narragansett Financial Corporation, the mutual holding company
- ➤21,160,000 shares outstanding after the two-tier holding company reorganization
- ➤NARA expected to begin Nasdaq Capital Market trading November 2, 2026
- ➤Offering oversubscribed by BayCoast Bank depositors as of May 31, 2025
Expert Statements
Marie Pellegrino, President of Narragansett Bancorp, Inc.
“Marie Pellegrino, President, (508) 675-4346”
Narragansett Bancorp, Inc. Announces Closing of Initial Public Offering PR Newswire
SWANSEA, Mass., Nov. 2, 2026 /PRNewswire/ -- Narragansett Bancorp, Inc. (the "Company"), the holding company for BayCoast Bank (the "Bank"), announced today that it has completed the Bank's two-tier holding company reorganization and the Company's related stock offering.
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