When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
PFHD - Professional Holding Starts U.S. IPO Effort
Professional Holding Corp.
Quick Take
Professional Holding Corp. (OTCPK:PFHD) has filed to raise $75 million in an IPO of its Class A common stock, according to an S-1 registration statement.
The firm operates the Professional Bank network of commercial banks located in the Miami-Dade MSA.
PFHD is pursuing a consolidation approach focused on business owners and high net worth individuals but plans no dividend post-IPO.
Other recent community bank IPO stocks haven’t fared well in an ultra-low interest rate environment which produces downward pressure on margins.
Company & Business
Coral Gables, Florida-based Professional was founded