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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Aug. 30, 8:29 PM

Slide #11. C1 Financial, Inc. Secondary Offering

Company: C1 Financial, Inc. (NYSE:BNK)
Date announced: 8/14/2015
Shares Offered: 1,256,255
Date of Pricing: 8/14/2015
Price Per Share: $18.06
Secondary Offering Details: C1 Financial, Inc. ("C1") announced today the pricing of a secondary offering, by Oakland Investment LLC, a Delaware company, CBM Holding Qualified Family, L.P., a Canadian limited partnership and Erwin Russel (collectively, the "selling stockholders") of an aggregate of 1,256,255 shares of common stock. The total gross proceeds of the offering (before underwriter's discounts and commissions) to the selling stockholders will be approximately $22.7 million. C1 will not receive any of the proceeds from the offering by the selling stockholders.

C1 Financial is a bank holding company. Through its subsidiary, Co. is engaged in providing a variety of banking services to individuals through its 30 offices and one loan production office located in 9 counties (Pinellas, Hillsborough, Pasco, Manatee, Sarasota, Charlotte, Lee, Miami-Dade and Orange). Co.'s primary deposit products are checking, money market, savings, and term certificate accounts, and its primary lending products are commercial real estate loans, residential real estate loans, commercial loans, and consumer loans. As of Dec 31 2014, Co. had total assets of $1.53 billion and total deposits of $1.17 billion.
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Company Name:  C1 Financial, Inc.
Website:  www.c1bank.com
Sector:  Banking & Savings
Number of ETFs Holding BNK:  9
Total Market Value Held by ETFs:  $3.43M
Total Market Capitalization:  $306.00M
% of Market Cap. Held by ETFs:  1.12%
 

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August 30, 2015    8:29 PM Eastern
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Strong Buy (3.50 out of 4)
68th percentile
(ranked higher than approx. 68% of all stocks covered)
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