Florida bank C1 Financial files for a $50 million IPO

C1 Financial, a Florida commercial bank with 29 locations, filed on Friday with the SEC to raise up to $50 million in an initial public offering. The St. Petersburg, FL-based company, which was founded in 1995 and booked $69 million in net interest and non interest income for the 12 months ended March 31, 2014, plans to list on the NYSE under the symbol BNK. C1 Financial initially filed confidentially on June 2, 2014. Keefe Bruyette Woods and Raymond James are the joint bookrunners on the deal. No pricing terms were disclosed.