In a move akin to hanging a "for sale" sign in the window, a small Florida banking company's new chairman has let shareholders know he's seeking a buyer.

Raymond K. Mason Jr., president, chairman, and chief executive officer of American Banks of Florida, Jacksonville, wrote a letter to shareholders last month saying the company wants to sell but hasn't entered into any deal yet. Mr. Mason succeeded his father in March as the holding company's chairman.

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.