Esquire Financial Holdings Prices IPO

6/27/17

Esquire Financial Holdings, Inc. announced the pricing of its initial public offering of 2,363,873 shares of its common stock at a public offering price of $14.00 per share. Esquire is offering 1,800,000 shares and the selling stockholders are offering 563,873 shares of Esquire's common stock. The offering is expected to result in gross proceeds to Esquire of approximately $25.2 million. The selling stockholders do not include any members of the board of directors or executive management. The net proceeds to Esquire, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately $21.9 million. Esquire will not receive any proceeds from the sale of shares by the selling stockholders. In addition, Esquire has granted the underwriter a 30-day option to purchase up to 354,580 additional shares of common stock from Esquire at the public offering price. The shares are expected to begin trading on Tuesday, June 27, 2017 on the NASDAQ Capital Market under the symbol "ESQ."

Sandler O'Neill + Partners, L.P. is acting as sole book-running manager for the offering.

About Esquire Financial Holdings, Inc.

Esquire Financial Holdings, Inc. is a bank holding company headquartered in Jericho, New York, with an additional branch office in Garden City, New York and an administrative office in Palm Beach Gardens, Florida. At March 31, 2017, Esquire had approximately $438.1 million in assets. Its wholly-owned subsidiary, Esquire Bank, National Association, is a full service commercial bank dedicated to serving the financial needs of the legal industry and small businesses nationally, as well as commercial and retail customers in the New York metropolitan area.

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