The Bank Slate


Climate First raising capital as end of de novo period nears

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.

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