Houston-area community bank to go public to continue growth, potential M&A

Humble-based Third Coast Bancshares Inc. is going public.

The holding company for Third Coast Bank plans to offer 3 million shares of common stock and grant the underwriters a 30-day option to purchase up to an additional 450,000 shares. The initial public offering is expected to be priced between $24 and $26 per share.

At the expected midpoint of $25 per share, Third Coast estimates it would receive proceeds of $68.2 million after deducting underwriting discounts, commissions and offering expenses,…