BayFirst Financial Raises $80M in Capital
BayFirst Financial announced the company has raised $80M of capital from investors in a private investment in public equity offering. "This successful capital raise reflects the trust our investors place in our institution and our long-term strategic direction," said Anthony Saravanos, chairman of the board of directors. "The Board of Directors believe that Al's experience and leadership, combined with this capital raise, will lead BayFirst back to profitability and growth as the premier financial institution of Tampa Bay." Additionally, the company announced that the Board has elected Alfred Rogers as CEO and president of BayFirst National Bank, in place of Tom Zernick who is retiring.
