Climate First Bancorp in Orlando, Fla., is planning to raise more capital.
The $600 million-asset company said in press release that it will run the capital raise through September. The bank, which opened in 2021 after raising $44 million, will shed its de novo status in June.
The bank is looking to raise $100 million, according to the Tampa Bay Business Journal.
“This next round will propel us into the natural next step for us as a bank and community leader and being a force for good in the industry,” Ken LaRoe, the bank’s CEO, said in the release.
“We are the only bank in the nation with a core focus on climate solutions, allowing us to gain credibility with millions of values-based businesses and consumer nationwide,” he added.