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IPO Databook: Narragansett Ban (NARA US) - Jul 2026
241 Views25 Jul 2026 10:08
SUMMARY
- Narragansett Bancorp, Inc. is a newly formed Maryland corporation becoming the mid-tier holding company for BayCoast Bank. It offers shares to enhance capital and provide equity ownership.
- Total assets were $2.90 billion and deposits $2.47 billion as of March 31, 2026. BayCoast Bank was "well capitalized" and Plimoth Investment Advisors managed $1.07 billion.
- Subordinated debt totaled $95.0 million as of March 31, 2026. The efficiency ratio was 90.58% for the three months ended March 31, 2026.
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