DPP assists in the secondary market sale of 132,450 shares of Northpointe Bancshares, Inc.
THE TRANSACTION
DPP represented a private shareholder owner (the “Owner”) of 132,450 shares (the “Shares”) of Northpointe Bancshares, Inc. (“Northpointe”) as exclusive financial advisor and sales agent in a privately negotiated secondary market sale of the Shares. Local high net worth individuals and an institutional investor acquired the Shares. As a secondary market transaction, no proceeds of the sale of the Shares went to the Company. The Shares represented approximately 8.8% of the shares outstanding of Northpointe.
Transaction Participant
NORTHPOINTE BANCSHARES, INC.
Northpointe is privately held and is the parent of Northpointe Bank, headquartered in Grand Rapids, MI. Northpointe offers full-service banking products and services to local communities in Kent county, in addition to offering mortgage banking products and services on a national level. As of June 30, 2017, Northpointe had total assets of $694.6 million.
CONTACT
Financial Institutions
Financial Institutions
Financial Institutions
RECENT DPP TRANSACTIONS
