Business

August 4, 2014

Florida Community Bank’s parent’s IPO priced at $22 a share

FCB Financial Holdings, the parent of Weston-based Florida Community Bank, announced the pricing of its initial public offering of 7,520,000 shares of Class A common stock, at $22 per share.

FCB Financial Holdings, the parent of Weston-based Florida Community Bank, announced the pricing of its initial public offering of 7,520,000 shares of Class A common stock, at $22 per share.

Of the 7,520,000 shares sold, 4,554,045 shares are being sold by the company and 2,965,955 shares are being sold by insiders.

The proceeds from the sale of shares by the company are expected to be $100.2 million. The company will not receive any proceeds from the sale of shares by the insiders, whose share is valued at $65.3 million. The closing of the offering is expected to occur on Wednesday,

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