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.

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.