First Green Bank to issue stock offerings in January with shares valued at $13 each, minimum 20,000 shares required

MOUNT DORA, Fla. --- First Green Bank, lauded as one of the nation’s most environmentally responsible financial institutions with locations in Mount Dora, Clermont and Ormond Beach, will issue a public stock offering in the first quarter of 2013 with shares valued at $13 each.

Kenneth LaRoe, chairman and chief executive officer of First Green Bank, said the offering will include a $20,000 minimum individual purchase requirement.

First Green Bank posted an annual profit of $543,000 for 2011, the culmination of 22 consecutive months of profitability.

Earlier this year First Green Bank opened a branch in Ormond Beach, its first outside Lake County, and is closing in on locations in downtown Orlando and Winter Park, as well as The Villages next year.

First Green Bank was the only Lake County bank and one of only five banks in Central Florida to earn the prestigious Five-Star rating from BauerFinancial Inc., the independent community bank rating group based in Coral Gables

Most recently, First Green Bank reported assets that total more than $193 million and deposits that total more than $171 million.