QNB Debuts on Nasdaq, Raises $48.3 Million

QNB Corp. and QNB Bank launched an underwritten public offering of 1,071,428 common shares at $42 each, with a 30-day option for 160,714 shares that was fully exercised, and the listing will move to Nasdaq under the ticker QNBC. Proceeds are expected to support balance sheet restructuring, subordinated note redemptions, new lending, and growth, with the overallotment bringing total shares to 1,232,142 and net proceeds around the low-$40 millions range.