A second New Orleans bank in the last three months is going public to trade on the NASDAQ Capital Market. FB Bancorp Inc., the proposed holding company for Fidelity Bank, announced last week that all regulatory approvals have been received to complete the Bank’s conversion from the mutual form of organization to the stock form of organization. The Bank’s members approved the transaction at a special meeting of members held on Oct. 9, and the bank also received all necessary regulatory approvals. The transaction is expected to close today, and FB Bancorp Inc.’s common stock is expected to begin trading tomorrow on the NASDAQ under the trading symbol “FBLA.” The initial offering price for FBLA is $10 per share. In August, Fifth District Savings Bank began trading on the NASDAQ under the symbol FDSB. Fidelity Bank has 18 full-service branches across southeast Louisiana, $1.1 billion in assets, and $769 million in deposits. The bank was chartered in 1908 and was originally named Fidelity Homestead Association. In 2007, Fidelity Homestead Association officially became Fidelity Homestead Savings Bank. In January 2014, Fidelity purchased NOLA Lending Group, LLC, and later that same year, Fidelity Homestead Savings Bank was officially changed to Fidelity Bank. Fidelity Bank’s stock conversion process includes the following: The “Company” (FB Bancorp, Inc.) sells 19,837,500 shares of common stock, which includes 586,655 shares to be sold to the Bank’s (Fidelity Bank) Employee Stock Ownership Plan, for gross offering proceeds (before deducting offering expenses) of approximately $198.4 million based on the offering price of $10 per share. FB Bancorp, Inc. expects to have 19,837,500 shares of common stock issued and outstanding upon the closing of the transaction.   FB Bancorp Inc. conducted a subscription offering, which closed on Sept. 20. The offering was oversubscribed in Priority 2 of the offering. Consequently, all valid stock orders submitted by Priority 1 eligible purchasers in the subscription offering will be filled in full. Fidelity Bank’s Employee Stock Ownership Plan (as Priority 2 in the offering) will purchase 586,655 shares, and all Priority 3 and Priority 4 subscribers will have their orders refunded. Subscribers wishing to confirm their stock orders may do so by contacting the Stock Information Center at 504-569-3483. The Company’s transfer agent, Pacific Stock Transfer Company, plans to mail Direct Registration System (“DRS”) Book-Entry statements for the shares purchased in the stock offering, and interest checks, on or about Oct. 23. Luse Gorman, PC is acting as legal counsel to both FB Bancorp, Inc., and Fidelity Bank. Performance Trust Capital Partners, LLC has acted as marketing agent for FB Bancorp, Inc. in connection with the stock offering, and Silver, Freedman, Taff & Tiernan LLP is acting as legal counsel to Performance Trust Capital Partners, LLC.