BayFirst Financial Corp. is authorized to be listed on the Nasdaq Capital Market under the ticker symbol “BAFN” Becoming the only Nasdaq-listed bank holding company headquartered on the West Coast of Florida

ST. PETERSBURG, Fla., November 29, 2021 (GLOBE NEWSWIRE) – BayFirst Financial Corp. (f / k / a First Home Bancorp, Inc.) (OTCQX: FHBI) (“BayFirst” or the “Company”), parent company of First Home Bank, today announced that its common shares will begin trading tomorrow, November 30, 2021, on the Nasdaq Capital Market under the symbol “BAFN”. As a result, BayFirst will become the only Nasdaq-listed bank holding company headquartered on the west coast of Florida and one of only seven in the state.

“BayFirst is a rapidly growing financial institution driven by its commitment to identify ways to increase its strategic opportunities and establish itself as one of the preeminent companies in the industry,” said Anthony N. Leo, CEO. “Receiving authorization to trade on the Nasdaq Capital Market marks a pivotal moment in our history. This will help us greatly in our efforts to grow our banking franchise, increase our visibility to investors, provide additional liquidity to shareholders and ultimately claim our claim as the shore of Tampa Bay.

The news of the approval is just the latest in a series of announcements tied to BayFirst’s successes and milestones. Last month, the company’s SBA division, CreditBench – which is one of the nation’s leading SBA lenders – became the # 1 SBA lender in the Tampa Bay area in the fiscal year ending September 30, 2021. In August, the division also established itself as a leader in minority-owned business lending after hitting an ambitious two-year loan target of $ 50 million in less than ten months.

BayFirst’s residential mortgages division also continues to be prominent nationally, having recently surpassed $ 2 billion in mortgages taken out in 2021. And, earlier this week, the company celebrated the continued expansion of its banking centers with the opening of a seventh location in Belleair Bluffs, Florida and the inauguration of an eighth site in Sarasota, Florida, scheduled to open in late 2022.

About BayFirst Financial Corp.

BayFirst Financial Corp. (f / k / a First Home Bancorp, Inc.) is a registered bank holding company that began operations on September 1, 2000. Its primary source of income is from its wholly owned subsidiary, First Home Bank, which began operations business operations on February 12, 1999. First Home Bank is a member of the Federal Reserve and a state chartered banking institution serving a wide range of consumers and small businesses in the Tampa Bay area, supported by Lines domestic business in residential and SBA loans. First Home uses these national business lines to provide financial support for the provision and expansion of traditional banking services, and to serve as specialized flagship products to introduce the bank to new clients in the Tampa Bay area. BayFirst Financial Corp. strives to be a progressive institution in its products and services, technology, design and social responsibility.

BayFirst Financial Corp., through the bank, offers a wide range of commercial and personal banking services, including various types of deposit accounts and loans for businesses and individuals. As of September 30, 2021, BayFirst Financial Corp. had total assets of $ 943.74 million.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that are not statements of historical fact can be considered as forward-looking statements, including, without limitation, statements preceded, followed or including words such as “anticipate”, “intend”, “believe”, “estimate”, “plan”, “seek”, “plan” or “” ” ” ” ” ” ‘”” Would “,” could “or” should “and similar expressions. Forward-looking statements represent the Company’s current expectations, plans or forecasts and involve significant risks and uncertainties. Several important factors could cause actual results to differ materially from those of forward-looking statements. These factors include, but are not limited to, current and future economic and market conditions, including those that could affect credit quality and the ability to generate loans and raise deposits; the duration, extent and impact of the COVID-19 pandemic, including government responses to the pandemic and the potential worsening of the pandemic resulting from COVID-19 variants, on our operations, staff and our business activities and those of our customers (including developments and volatility), as well as the impact of COVID-19 on the credit quality of our loan portfolio and on financial markets and general economic conditions; the impact of current and future interest rates and expectations about the actual timing and amount of interest rate movements; competetion; our ability to execute business plans; geopolitical developments; legislative and regulatory changes; inflation or deflation; market fluctuations; natural disasters (including pandemics such as COVID-19); critical accounting estimates; and other factors described in our Form S-1, as amended, and other documents filed with the Securities and Exchange Commission. The Company disclaims any obligation to update any forward-looking statements included in this document to reflect future events or developments or changes in expectations, except as required by law.

Contacts:

Anthony N. Leo

Jeffrey M. Hunt

Chief Executive Officer

Chief Strategy Officer

727.399.5678

727.399.5687

About William G.

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