trending Market Intelligence /marketintelligence/en/news-insights/trending/oUItKCx-clR6K7tCzD7AgA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Professional Holding files for IPO

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Professional Holding files for IPO

Coral Gables, Fla.-based Professional Holding Corp. filed a Form S-1 for a proposed IPO of its class A common stock.

The proposed maximum aggregate offering price is $75 million, estimated solely to calculate the registration fee. The registration statement did not list the number of shares to be offered by the company.

In the registration statement, the company also noted that up to 241,885 class A common shares are being offered for sale by selling shareholder, BayBoston Capital LP. Professional Holding will not receive any proceeds from sales of its class A common stock by the selling shareholder.

Professional Holding plans to use the net proceeds to the company to support its growth, including organic growth and potential future acquisitions, repay all or a portion of the outstanding principal and accrued interest under its secured revolving line of credit with Valley National Bank NA, and for general corporate purposes. The company may also use a portion of the proceeds to cover cash expenditures connected with its pending acquisition of Marquis Bancorp Inc.

The company applied to list its class A common stock for trading on the Nasdaq Global Market under the symbol PFHD.

Stephens Inc., Keefe Bruyette & Woods Inc. and Hovde Group LLC are the underwriters for the offering.

Professional Holding is the parent of Professional Bank.