DAVIE, Fla.--(BUSINESS WIRE)--Floridian Community Holdings, Inc. (the “Company”), a Davie-based bank holding company and parent holding company of Floridian Community Bank (the “Bank”), today announced the completion of a $12.6 million private placement offering of shares of Company common stock. Purchasers in the offering include institutional investors, as well as non-institutional investors and each member of the Company’s Board of Directors. The Company plans to use the net proceeds of the offering for general corporate purposes including supporting the future growth of the Company and the Bank.
“We are pleased to announce the successful completion of this capital raise. We are thankful to our legacy shareholders, new investors, customers, and staff who have contributed to this process,” said Joseph S. Marzouca, Chairman and CEO of the Company, “This transaction will significantly strengthen the financial position of the Company and support our plans for continued growth in South Florida and for increasing shareholder value.”
Keefe, Bruyette and Woods, a Stifel Company, served as the Company’s sole placement agent and financial advisor, Igler | Pearlman, P.A. served as legal advisor to the Company, and Gunster, Yoakley & Stewart, P.A. served as legal advisor to the placement agent.
About Floridian Community Holdings, Inc.
Floridian Community Holdings, Inc. is a bank holding company headquartered in Davie, Florida. The Company has two wholly-owned subsidiaries, Floridian Community Bank and Floridian Custody Services, Inc. The Bank currently operates four banking offices in Broward and Palm Beach Counties, Florida. As of March 31, 2015, the Company had total assets of $402.6 million, total loans of $288.8 million, total deposits of $300.6 million and stockholders’ equity of $29.2 million. For more information, visit the Bank’s website at www.floridiancommunitybank.com.
Forward-Looking Statements
The foregoing contains forward-looking statements. Words such as “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “is confident that” and similar expressions constitute “forward-looking statements.” Forward-looking statements involve risk and uncertainty and a variety of factors which could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed or implied in these forward-looking statements. We do not have a policy of updating or revising forward-looking statements except as otherwise required by law, and silence by management over time should not be construed to mean that actual events are occurring as estimated in such forward-looking statements.
