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Article: Community Bank of Manatee Gains Regulatory Approval to Receive $15,000,000 in New Capital.
- Article from:
- PR Newswire
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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One Of The Area's Oldest Community Banks, Now Stronger Than Ever, Offers First-Rate Products to New and Existing Customers
BRADENTON, Fla., Nov. 2 /PRNewswire/ -- Chairman and CEO, William H. Sedgeman, Jr., announced today that an investor group led by Marcelo Lima and Trevor Burgess has received regulatory approval from the Federal Reserve Board to invest $15,000,000, along with a number of existing shareholders and community members, in new equity capital in Community Bank of Manatee. The State of Florida Office of Financial Regulation previously approved the transaction.
"By bringing new investors and existing investors together we have ...