Deering Companies Assists Bank with Initial Capital Raise

Deering Companies assisted Broward Bank of Commerce with its initial capital raise by introducing various investment groups and high net worth investors to the bank’s management team and board of directors throughout 2008. At least one prominent group invested in the offering.

Broward Bank of Commerce, located in downtown Fort Lauderdale, successfully raised $14 million for its initial offering and opened for business in the first quarter of 2009 during challenging economic times, particularly for existing banks.