Franklin Bank Corp., a Houston-based community and mortgage banker, has priced an initial public offering of common stock at $14.50 per share.Approximately 9.1 million shares are being sold by the company, and 127,500 are being sold by stockholders, Franklin said. The underwriters have been granted an option to buy up to 1.4 million additional shares to cover any overallotments. The lead manager of the offering was Friedman, Billings, Ramsey & Co. Franklin Bank Corp. is the parent of Franklin Bank SSB, whose primary businesses are community banking, mortgage banking, residential construction, and mortgage banker finance. It can be found on the Web at http://www.bankfranklin.com.
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