New Issue: Florida Choice raises $4.94 million from stock sale

By Sheri Kasprzak

Atlanta, May 31 - Florida Choice Bankshares, Inc. said it has wrapped up a private placement of stock for $4,940,512.

The offering included 308,782 shares at $16.00 each.

On March 31, the company closed a separate private placement for $14,109,472. That deal included 881,842 shares sold at $16.00 each.

Based in Mt. Dora, Fla., Florida Choice is a holding company for Florida Choice Bank.

Issuer:	Florida Choice Bankshares, Inc.
Issue:	Stock
Amount:	$4,940,512
Shares:	308,782
Price:	$16.00
Warrants:	No
Settlement date:	May 27
Stock price:	$14.10 at close May 27

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