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Climate First Bancorp raised $67 million in a funding round led by Wellington Management and Alliance Bernstein, aiming to increase its assets fivefold by 2031.
PRIVATEJun 09, 2026•5 days ago
Amount Raised
$67 Million
FloridaCommercial Banking
Investors
Alliance BernsteinWellington Management
Description
Climate First Bancorp closed a $67 million funding round, marking its first capital infusion from institutional investors. The round was led by Wellington Management and supported by Alliance Bernstein. CEO Lex Ford described it as a strong endorsement of the bank's growth strategy. The bank plans to use the funding to acquire Florida community banks over the next five years.
Company Information
Company
Climate First Bancorp
Location
1150 SOUTH ORLANDO AVENUE
Florida, United States
Predictive Intelligence
Strategic
ML-powered predictions for Climate First Bancorp's next move
FloridaCommercial Banking