Florida Community Bank’s parent wants to raise at least $208.8 million in IPO

 

icordle@MiamiHerald.com

Florida Community Bank’s parent, FCB Financial Holdings, plans to raise at least $208.8 million by offering 8.7 million shares, including 50 percent to insiders, according to new terms of its upcoming initial public offering filed with the Securities and Exchange Commission on Tuesday. It expects to price to be between $24 and $27.

The Weston-based bank, which operates 54 branches in Florida, had originally filed for a $150 million IPO.

FCB Financial Holdings plans to list its shares on the New York Stock Exchange under the symbol FCB.

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