First Home Bancorp, Inc. has Completed a $9.426 Million Offering of Common Stock Through a Private Placement
THE TRANSACTION
On June 30, 2017, First Home Bancorp, Inc. (“FHBI”), bank holding company of First Home Bank completed the issuance of 251,364 shares of its common stock at a price of $37.50 per share, for gross proceeds of approximately $9.426 million. Institutional and high net worth individual investors acquired the shares in the offering. The proceeds of the offering will be used to support FHBI’s lending and deposit gathering activities in its markets, to support further growth of their industry-leading SBA and other government guaranteed lending and mortgage generation activities across a larger geographic area, and for other corporate purposes.
Our Client
FIRST HOME BANCORP, INC.
First Home Bancorp, Inc. was incorporated on June 23, 2000, and commenced operations as a registered bank holding company on September 1, 2000. The corporate offices are located at the First Home Executive Center, St. Petersburg, Florida. As of March 31, 2017, FHBI had total assets of $178.8 million, net loans of $135.2 million, total deposits of $153.3 million, and total equity of $18.6 million, prior to completion of this capital offering.
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