Gateway American Bank of Florida has completed an $8 million private offering of common stock.

The new capital triples Gateway's shareholders' equity to more than $12.5 million. Keefe, Bruyette & Woods Inc., New York, was placement agent for the offering.

"We have demonstrated that the capital markets still believe that a community bank can prosper in this era of monster banking," said John J. Lyons, Gateway's president and chief executive officer.

At the same time, Gateway announced it acquired the former Florida headquarters of Gibraltar Bank FSB, Miami Lakes. The branch office includes $40 million of deposits that will be assumed by Gateway, doubling its deposit size.

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