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Legacy Bank of Florida in Boca Raton raised $1.7 million in the third quarter, but remains short of the capital levels required by a regulatory consent order.
October 28 -
Under orders from regulators to beef up its capital levels, Legacy Bank of Florida in Boca Raton has raised $2.8 million in new capital and has deals in place in to receive an additional $13.5 million.
October 3 -
Legacy Bank of Florida, a $276 million-asset start-up in Boca Raton, is now using the WireXchange automated wire transfer system, the technology vendor Fiserv Inc. announced.
August 28
Legacy Bank of Florida in Boca Raton has raised more than $6.7 million from a common stock offering.
The $255 million-asset bank said in a press release Wednesday that the proceeds will increase its Tier 1 capital ratio to 7.5%. It had a 5.5% Tier 1 capital ratio as of Sept. 30, according to the Federal Deposit Insurance Corp.
The offering will "position us to take advantage of potential opportunities that may arise," Legacy Chairman and Chief Executive Dennis Bedley said in the release.
Legacy is operating under a
Legacy was founded in 2006 and has five branches.
