C1 Financial in St. Petersburg, Fla., is going public.
The $1.4 billion-asset company has filed a registration statement for a proposed initial public offering. The number of shares to be offered and the offering's price range were not disclosed.
The bank has changed its name and headquarter several times since it was formed as Community Bank of Manatee in 1995. It became C1 Bank in May 2012, settling into St. Petersburg the same year. The bank has 32 branches in Florida.
Keefe, Bruyette & Woods and Raymond James will serve as the offering's joint book runners.
C1 Bank is one of a growing number of community banks that have filed to go public, including FCB Financial Holdings (FCB) in Weston, Fla., Investar Holding (ISTR) in Baton Rouge, La., Franklin Synergy Bank in Franklin, Tenn., and Green Bancorp in Houston.