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C1 Financial Announces Pricing of Initial Public Offering

ST. PETERSBURG, Fla., Aug. 13, 2014 /PRNewswire/ -- C1 Financial, Inc. ("C1") announced today 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. C1's common stock is expected to begin trading on the New York Stock Exchange on August 14, 2014, under the symbol "BNK".

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Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc. are acting as joint bookrunners for the offering. 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. You may obtain a copy of the prospectus free of charge by visiting the Securities and Exchange Commission's website at www.sec.gov.

A registration statement on Form S-1 relating to the securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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SOURCE C1 Financial, Inc.

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