New Issue: Florida Choice Bankshares raises $1.15 million in private placement of stock

By Sheri Kasprzak

Atlanta, July 1 - Florida Choice Bankshares, Inc. said it has completed a private placement for $1,148,128.

The company sold 71,758 shares at $16 each.

The shares are in addition to the 1,190,624 shares the company sold on March 31 and May 31. The most recent closing brings to $20,198,112 the total proceeds raised in the private placement.

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

Issuer:	Florida Choice Bankshares, Inc.
Issue:	Stock
Amount:	$1,148,128
Shares:	71,758
Price:	$16
Warrants:	No
Settlement date:	June 30
Stock price:	$14.10 at close June 30

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