Its holding company, formerly known as Bond Street Holdings, filed a registration statement with the US Securities and Exchange Commission to list Class A Common Stock on the New York Stock Exchange under the trading symbol FCB. However, the holding company did not list the range of initial stock prices.
Florida Community spokeswoman Isa Andrews said bank executives couldnt comment at this time about the stock offering.
Florida Community Bank currently operates 54 branches in south and central Florida with nearly half its $3.7 billion in deposits in Broward, Palm Beach and Miami-Dade counties, according to papers filed with the SEC.
The banks strategy is to grow by making more commercial loans and home mortgages, the holding company told the federal agency. The bank enjoyed a 39 percent growth in loans over two years in 2012 and 2013 and became a lending leader among other regional banks, according to a preliminary prospectus submitted to the SEC. Just last year, the bank awarded $1.4 billion in new commercial loans and about $371 million in new residential and consumer loans, the holding company reported..
We are focused on providing superior products and services to what we perceive as an underserved Florida-based small and mid-cap commercial and industrial segments, as well as to a segment of the Florida-based commercial real estate, FCB wrote in its SEC papers.
The lead managers in FCBs stock market launch are Deutsche Bank Securities, JP Morgan, UBS Investment Bank and Bank of America Merrill Lynch.
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