Community Bank of Manatee 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 million, 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. The transaction should close within the next 15 days.
“By bringing new investors and existing investors together, we have recapitalized Community Bank of Manatee and are poised to make new residential and commercial loans and to welcome new depositors,” Sedgeman said.
Community Bank of Manatee currently serves customers from five branches, including two in the East County located at 2025 Lakewood Ranch Blvd. and 6000 S.R. 70 E.
For more information, call the Lakewood Ranch office at (941) 750-0700 or the S.R. 70 office at (941) 756-0099, or visit the bank’s Web site, www.CommunityBankNow.com.
Currently 0 Responses
2 Spring Women's Conference with nat'l recording artist, Candy Pfeifer
6:30 pm - 9:30 pm
2 2nd annual Glow Run
7:00 pm - 10:00 pm
9 2nd annual DeBartolo Family Foundation All-In For ALS Casino Night
17 Women on Wheels 100
Lakewood crowns students
Lakewood Ranch High School juniors Connor Jones and Kristen Mendez became school royalty March 31, after being named Mr. Mustang and Miss Lakewood Ranch.
MTI takes top awards
The Manatee Technical Institute Postsecondary Chapter of HOSA, formerly known as Health Occupations Students of America, dominated the Postsecondary-Collegiate Division at the HOSA State Leadership Conference April 3 through April 6, in Lake Buena Vista.
Schooled on Jazz
Students at Haile Middle School kept the audience’s toes tapping April 8, during the school’s Night of Jazz event.