Florida Banks Inc. said Wednesday that it had bought First National Bank of Tampa and completed an initial public offering of four million common shares.
Net proceeds from the offering came to about $37.2 million, Florida Banks said-less than the $40.5 million expected, according to the prospectus.
Robinson-Humphrey Co. and Interstate/Johnson Lane co-led the offering.
About $12 million of the proceeds will be used to provide additional capital. Florida Banks said it expects the rest to fund expansion throughout the state.