On October 22, 2024, Fidelity Bank, New Orleans, Louisiana, completed its conversion from the mutual to stock form of organization. Concurrently with the conversion, FB Bancorp, Inc. (“FB Bancorp”), the newly formed holding company for Fidelity Bank, completed its initial public offering by selling 19,837,500 shares of its common stock at $10.00 per share.  FB Bancorp’s common stock trades on the Nasdaq Capital Market under the symbol “FBLA.”

Luse Gorman served as legal counsel to Fidelity Bank and FB Bancorp in the conversion and stock offering. The Luse Gorman team included Thomas Hutton, Lawrence Spaccasi, Marc Levy, Brendan Saxon and Keeler Fina.

Fidelity Bank has approximately $1.12 billion in assets, and operates from its main office in New Orleans, Louisiana and its 18 branch offices located throughout southern Louisiana.

Since 2000, Luse Gorman has been the leading law firm in the United States in mutual holding company transactions and mutual-to-stock conversions, based on number of transactions. Click here to learn more about our capital markets and corporate finance services.