Northpointe Bancshares is targeting a valuation of up to $595 million in its initial public offering in the United States, the private equity-backed community bank said on Friday. The Grand Rapids, Michigan-based community bank plans to sell 7.

Michigan-based community bank Northpointe Bancshares (NPB) is the first U.S. lender to hold an initial public offering (IPO) this year.

Northpointe Bancshares plans $201.25M IPO for retail banking, residential lending, and digital deposit banking. Explore more details here.

Northpointe Bancshares is targeting a valuation of up to $595 million in its initial public offering in the United States, the private equity-backed community bank said on Friday.

(Reuters) - Northpointe Bancshares is targeting a valuation of up to $595 million in its initial public offering in the United States, the private equity-backed community bank said on Friday.

Private equity-backed Northpointe Bancshares said on Friday it was targeting a valuation of up to $594.8 million in its New York initial public offering, set to be one of the biggest U.S. bank listings in a decade.