The Tennessee regional said the sale should boost quarterly profit by $160 million.
The company and certain investors plan to sell $35 million in stock through the proposed offering.
Organizers of Dogwood State Bank are looking to raise $75 million in hopes of opening by mid-2019.
The company said it could use proceeds to fund organic growth or acquisitions.
SWNB Bancorp was unable to secure enough votes to back its proposed sale to Hanmi Financial.
Bank 7, which aims to raise $75 million, also has extensive dealings in the hospitality industry. The company has completed two acquisitions since 2011.
Lakeland will expand its operations in three counties in its home state of New Jersey with the $57 million acquisition.
The company will enter the Iowa cities of Des Moines and Dubuque as part of the $170 million acquisition.
The Illinois company will become one of the area's top 10 banks after buying Bank of Edwardsville.
FVCBancorp will use part of the proceeds to help pay for its pending acquisition of Colombo Bank.
