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Former US Senator Peter Fitzgerald's Chain Bridge Bancorp files for US IPO
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Former US Senator Peter Fitzgerald's Chain Bridge Bancorp files for US IPO
Sep 13, 2024 1:39 PM

Sept 13 (Reuters) - Chain Bridge Bancorp, the lender

founded by former Republican U.S. Senator Peter Fitzgerald,

filed for an initial public offering (IPO) in the United States

on Friday.

It will be a rare share sale from the banking sector, at a

time when the IPO market has been dominated by technology and

biotech firms.

McLean, Virginia-based Chain Bridge, popular among

Republicans, commenced operations in 2007 and has reported no

non-performing loans in the last 12 years.

Its board is chaired by Fitzgerald, the former U.S. Senator

from Illinois. He retired in 2005 and was succeeded by Barack

Obama.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini

Ganguli)

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