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C1 Bank in St. Petersburg, Fla., is betting that its new, above-average "living wage" for all full-time employees will help it attract and retain top-notch workers.
April 7 -
C1 Bank in St. Petersburg, Fla., has recruited the state's former top financial official to its board.
March 5 -
CEO Trevor Burgess believes that targeting professionals will allow C1 to compete in a market dominated by larger banks.
January 3 -
A U.S. Century spokeswoman confirmed Wednesday that the $1.3 billion-asset bank's shareholders approved the sale to C1 Bank in St. Petersburg, Fla.
November 28
C1 Financial, a $1.4 billion-asset company in St. Petersburg, Fla., raised $45 million today from its initial public offering.
C1, which trades under the ticker symbol BNK, closed Thursday at $17 a share, the same price when it began trading and below its initial range of $18 to $20.
Some net proceeds from the offering will be used for working capital, C1 said in its registration statement. The remaining funds will go towards corporate purposes, including financing company growth, funding capital expenditures, or expanding its existing business through investments or acquisitions.
Keefe, Bruyette & Woods and Raymond James & Associates were lead managers. Sandler O'Neill & Partners, Wunderlich Securities, Hovde Group and Monroe Financial Partners were co-managers. Davis Polk & Wardwell was legal counsel to C1.
