First Green Bancorp in Fla. Raises $14M
First Green Bancorp in Mount Dora, Fla., has raised nearly $14 million through a private placement.
The $335 million-asset company's investors were not disclosed in a report by the Orlando Business Journal. First Green will use the funds to continue its mission as "a local bank with a global mission," Ken LaRoe, the company's chief executive, told the publication.
"We would like to thank our investors for their incredible support," LaRoe added. "Without them, we wouldn't be able to continue spreading our sustainable mission. We attribute our success thus far to the faith our shareholders have in us, and our remarkable customer base."
First Green, which has five branches, is planning to partner with Treedom Group, an organization that prioritizes environmental, sustainable and social initiatives. As part of the partnership, First Green will plant a tree in Haiti for each new paperless account opened.