C1 Financial declares pricing of Initial Public Offering

C1 Financial, Inc, today said that the pricing of its initial public offering of 2,631,579 shares of common stock at a price of $17 per share. The underwriters have a 30-day option to purchase up to an additional 394,737 shares at the public offering price less the underwriting discount, reported media.

Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc. are acting as joint bookrunners for the offering, as per the media reports.

Sandler O'Neill & Partners, L.P., Wunderlich Securities, Inc., Hovde Group, LLC and Monroe Financial Partners, Inc. are acting as co-managers for the offering.

The offering will be made only by means of a prospectus, copies of which may be obtained, when available, from Keefe, Bruyette & Woods, Inc., A Stifel Company, 787 Seventh Ave., 4th Floor, New York, New York 10019, Attention: Equity Capital Markets, or by calling 1-(800)-966-1559; or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716, or by calling 1-(800)-248-8863.