SNL Financial reported that two bank IPOs have closed so far in 2015, while two more are pending, continuing the flow of heavy IPO activity seen in 2014. Twelve banking IPOs debuted in 2014, the heaviest of all years compiled by SNL going back to 2005. SNL’s data compiled for this article excludes mutual thrift conversion offerings.

Dominated by Citizens Financial Group’s $3.46 billion offering, aggregate proceeds raised by banking IPOs in 2014 came in at a hefty $4.85 billion — a figure larger than the gross proceeds raised by banking IPOs in the previous eight years combined. So far in 2015, the two completed IPO, held by Manitowoc, WI-based County Bancorp and Nashville, TN-based Avenue Financial Holdings, have raised a combined $48.87 million in gross proceeds.

The two pending banking IPOs, both announced in 2015, are Franklin, TN-based Franklin Financial Network and Birmingham, AL-based National Commerce.

To view the full SNL Financial report, click here.