On June 30, 2017, Esquire Financial Holdings, Inc., Jericho, New York (“Esquire Financial”), the holding company for Esquire Bank, National Association, completed an initial public offering through a firm commitment underwritten sale of 2.4 million shares of common stock at a price of $14.00 per share. Esquire Financial sold 1.8 million shares of common stock and selling stockholders sold 563,873 shares of common stock in the IPO. Esquire Financial’s stock began trading on the Nasdaq Capital Market on June 27, 2017 under the symbol “ESQ.”
Luse Gorman served as legal counsel to Esquire Financial in the IPO. The Luse Gorman team was led by John J. Gorman and Gary Lax and included Gregory Sobczak and Ellie Cook.
Esquire Bank is a full service commercial bank dedicated to serving the financial needs of the legal and small business communities nationwide, as well as commercial and retail customers in the New York City metropolitan area. Esquire Bank was originally chartered in 2006 and reorganized into the holding company structure in 2010. At March 31, 2017, Esquire Financial had approximately $438.1 million in total assets.