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The stock exchange has accepted the $136 million-asset company's plan to recapitalize itself and will allow it to remain listed, OptimumBank said Friday.
October 25 -
Jacksonville Bancorp (JAXB) in Florida is planning a reverse stock split that would allow its shares to keep trading on the Nasdaq exchange.
October 8 -
Atlantic Coast Financial (ACFC) in Jacksonville, Fla., plans to sell $46 million in common stock. The move, disclosed in a Tuesday regulatory filing, follows a tumultuous period for the $743 million-asset company.
September 12
Legacy Bank of Florida in Boca Raton raised $1.7 million in the third quarter, but remains short of the capital levels required by a regulatory consent order.
The $256 million-asset bank raised the money mostly from its existing shareholders and plans to continue raising capital this quarter, according to a
Legacy Bank was not immediately available for comment.
The bank is under a 2011 consent order with the Federal Deposit Insurance Corp. requiring it to hold Tier 1 capital of 8% and total risk-based capital of 12%. Those ratios were 5.45% and 8.50% at Sept. 30, according to the FDIC.
The bank earned $121,000 in the third quarter, according to the Business Journal, after reporting a loss of $928,000 a year earlier. It has earned $519,000 in 2013, after losing roughly $2.9 million last year.
