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TAMPA — HomeBancorp Inc., the holding company for HomeBanc, has raised $20 million to pay for its continued growth.
The bank-holding company raised the funds from undisclosed institutional investors, says Debra Hanses Novakoski, executive vice president of HomeBanc.
HomeBanc executives are in discussions with other bankers about acquiring more branches, says Novakoski, declining to be more specific.
Established in 2007, Tampa-based HomeBanc has $700 million in assets and 15 branches in Hillsborough, Pinellas, Sarasota and Orange counties. It also operates loan-production offices in Belleair Bluffs, Brandon and Gainesville. It previously acquired eight branches that were First Bank offices.
HomeBanc Corp., formerly CNBS Financial Group Inc., was formed by Jerry Campbell. The bank raised $49 million in its initial stock offering in 2007. The bank specializes in home mortgages and loans backed by the Small Business Administration.
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