Republic Banking Corp., Miami, announced last week it has filed with the Securities and Exchange Commission for an initial public offering of two million shares.

According to a statement released by Republic, proceeds of the sale will be invested in the holding company's subsidiary, Republic National Bank of Miami. Republic Bank is a $1.5 billion-asset bank with 27 branches in two south Florida counties.

In May, Barnett Banks Inc. of Jacksonville, Fla., announced it would buy Republic. But Barnett called the deal off days later. Charlotte, N.C.-based NationsBank Corp. has since announced plans to buy Barnett.

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