C1 Bank files for $50 million IPO

ST. PETERSBURG — C1 Bank has filed documents with the SEC for a $50 million initial public offering.

The bank, with $1.4 billion in assets and 29 branches in Florida, announced the pending IPO in a release today. The bank didn't disclose the number of shares or a price range for the offering, but IPO investment firm Renaissance Capital says C1 intends to raise up to $50 million. C1 filed for the IPO confidentially on June 2, according to Renaissance Capital, and plans to list on the New York Stock Exchange under the symbol BNK.

Keefe Bruyette Woods and Raymond James are the joint bookrunners for the IPO, according to the C1 release.