Tuesday, July 3, 2007

UPDATE 1-Encore Bancshares sees IPO price at $20-$22 a share

(Reuters) - The company is offering about 1.9 million shares of its
common stock and two of its shareholders are offering 75,000
common shares, the Houston, Texas-based bank holding company
said in a filing with U.S. regulators.




Encore Bancshares expects net proceeds of about $36.2
million based on an assumed initial offering price of $21.00,
after deducting underwriting discounts and commissions and
expenses payable.


Read more at Reuters.com Government Filings News

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