Bank of Florida Corporation (NASDAQ:BOFL) has announced a public offering to sell it’s shares of common stock. The offering is expected to raise $45 million. It consists of two components, a rights offering and a supplemental, best efforts offering. The acting dealer manager and lead placement agent for the offering is Kendrick Pierce & Co. A statement related to the shares of the company’s common stock to be sold in the offering has been filed with the Securities and Exchange Commission (SEC), although it has not yet become effective. The statement on Form S-1 can be found online at http://www.sec.gov/.
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Bank of Florida Corporation, formerly Bancshares of Florida, Inc., serves as a holding company for Bank of Florida – Southwest. Bank of Florida – Southwest, Bank of Florida – Southeast, Bank of Florida – Tampa Bay (collectively the Banks). The Banks offer a range of interest bearing and non-interest bearing accounts, including commercial and retail checking accounts, money market accounts, individual retirement accounts, regular interest bearing statement savings accounts and certificates of deposit. Bank of Florida Corporation and its subsidiaries are (collectively Company). The Trust Company offers and provides its customers wealth management services, including fiduciary services, as a trustee, personal representative, administrator, guardian, custodian of funds, asset manager (with and without discretion) and investment advisor.
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