Bond Street Holdings Inc., the most active acquirer of failed banks in Florida, is looking to raise more money to buy even more banks.

The $3.1 billion-asset company has filed papers with the Securities and Exchange Commission seeking approval to raise as much as $150 million in an initial public offering.

Bond Street was formed in April 2009 and has since raised $740 million of equity. Its first deal came in January 2010 when it acquired the $350 million-asset Premier American Bank in Miami and has since used the charter to acquire six other failed banks across Florida.

In the documents filed Monday, the company said it would use the proceeds from the IPO to buy more failed banks, existing banks and branches.

Daniel Healy, former chief financial officer of North Fork Bancorp in New York, serves as Bond Street's chairman and chief executive.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.