Bank investment company acquiring Naples-based bank: Holding company created by former bankers in Jacksonville and Charlotte, N.C

The buyout is subject to the company reaching an agreement with the U.S. Department of the Treasury to repurchase preferred stock and warrants issued under the Troubled Asset Relief Program.

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Bibliographic Details
Published inMcClatchy - Tribune Business News
Main Author Basch, Mark
Format Newsletter
LanguageEnglish
Published Washington Tribune Content Agency LLC 30.06.2010
Subjects
Agreements
Banking industry
Banks
Investments
Preferred stock
Stock prices
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Summary:The buyout is subject to the company reaching an agreement with the U.S. Department of the Treasury to repurchase preferred stock and warrants issued under the Troubled Asset Relief Program.