The $227 million SharePlus Federal Bank, the former SharePlus Federal Credit Union, has filed papers with the Securities and Exchange Commission to make its initial public offering of stock.

Under the terms of the offering, the Dallas area bank’s holding company would issue roughly $1.9 million shares of stock in the bank and expects to raise $18.5 million in capital from the sale. Bank depositors would have the first chance to by shares in the new offering, the bank’s filing said.


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