Investors Pile Into New Bank IPO

Just this weekend, we mentioned new banking startup Heritage Bank (HNB), a new startup capitalised with $62 million, hoping that this is a great time to enter the market with a pristing balance sheet. Just a couple weeks after forming, the bank went public yesterday, and today investors are bidding up the stock hard. It’s currently up about 60% from yesterday’s close of $10.35.

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