Florida Shores Bank in Venice said Monday that it had raised $8 million of capital after spending six months courting investors.

The $250 million-asset company sold stock to local investors at $12.50 a share, or 1.5 times its book value in June when the offering was launched. The three-year-old bank had a total risk-based capital ratio of 14.66% at Sept. 30. It said in a press release that the additional capital would allow for further growth.

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