First Home Bancorp, Inc. Announces Name Change to BayFirst Financial Corp.

Rhea-AI Summary

The shareholders of First Home Bancorp approved a name change to BayFirst Financial Corp., effective immediately. The banking subsidiary will retain the name First Home Bank. BayFirst Financial Corp. trades on the OTCQX under the symbol 'FHBI.' The company, established on September 1, 2000, has $1.7 billion in total assets, with $967 million in Payroll Protection Program loans as of March 31, 2021. The bank operates six full-service offices and 29 mortgage loan production offices, offering a variety of banking services.

Positive

• Name change to BayFirst Financial Corp. may enhance brand identity.
• Total assets of $1.7 billion signify a strong financial position.
• Top nationwide SBA lender, indicating a competitive advantage.

Negative

• None.

The shareholders of First Home Bancorp, Inc. (OTCQX: FHBI) (the “Company”), the parent of First Home Bank, approved the change of the Company’s name to BayFirst Financial Corp. The name change is effective immediately. The name of the Company’s banking subsidiary will remain as First Home Bank.

BayFirst Financial Corp. trades on the OTCQX Best Market under the symbol “FHBI.” U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the bank at www.otcmarkets.com.

About BayFirst
BayFirst Financial Corp. is a registered bank holding company which commenced operations on September 1, 2000. Its primary source of income is from its wholly owned subsidiary, First Home Bank, which commenced business operations on February 12, 1999. First Home Bank is a Federal Reserve member and a state-chartered banking institution. The Bank operates six full-service office locations, 29 mortgage loan production offices, and is a top nation-wide SBA lender.

BayFirst Financial Corp., through the bank, offers a broad range of commercial and consumer banking services including various types of deposit accounts and loans for businesses and individuals. As of March 31, 2021, BayFirst Financial Corp. had $1.7 billion in total assets, of which $967 million consisted of loans made under the Payroll Protection Program.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210503005107/en/

FAQ

What is the new name of First Home Bancorp?

The new name of First Home Bancorp is BayFirst Financial Corp.

When did the name change of First Home Bancorp take effect?

The name change took effect immediately following the shareholders' approval.

What is the stock symbol for BayFirst Financial Corp.?

BayFirst Financial Corp. trades on the OTCQX under the symbol 'FHBI.'

What are the total assets of BayFirst Financial Corp.?

As of March 31, 2021, BayFirst Financial Corp. had total assets of $1.7 billion.

How much of BayFirst's assets are in Payroll Protection Program loans?

As of March 31, 2021, $967 million of BayFirst's assets consisted of Payroll Protection Program loans.