Oct 4 (Reuters) - Chain Bridge Bancorp ( CBNA ), the

Republican Party's top banking choice, was valued at $141.2

million after its shares opened in line with the offer price in

their debut on the New York Stock Exchange on Friday.

The stock opened flat at $22 per share, before falling 3% to

$21.29.

Chain Bridge's IPO is relatively rare, coming from the

banking industry at a time when the market has been dominated by

entrants from the technology and biotech space.

The McLean, Virginia-based bank was founded by Peter

Fitzgerald, the former Republican U.S. Senator from Illinois. He

retired in 2005 and was succeeded to the Senate seat by former

U.S. President Barack Obama.

The debut comes just a month ahead of the presidential

election in November. The bank had raised $40.7 million in its

IPO on Thursday, pricing shares at $22, below the $24 to $26

range it had initially targeted.