FSB opened on October 27, 1988 as a state nonmember bank regulated by the FDIC. Headquartered in
Sarasota, Florida, FSB also operated with nine branch offices in Sarasota and Pinellas Counties. FSB was
wholly-owned by First State Financial Corporation (FSFC), a publicly-traded, one-bank holding
company. Since 1994, a group of investors led by Marshall T. Reynolds controlled FSFC. Mr. Reynolds
headed a chain banking organization (CBO), with four holding companies, including FSFC, and 11 banks
with combined assets of $2.8 billion.
FSB engaged in community banking and commercial real estate (CRE) lending activities, including a
significant amount of residential and commercial acquisition, development, and construction (ADC)
lending. Most of the bank’s lending was within Florida.
FSB opened on October 27, 1988 as a state nonmember bank regulated by the FDIC. Headquartered inSarasota, Florida, FSB also operated with nine branch offices in Sarasota and Pinellas Counties. FSB waswholly-owned by First State Financial Corporation (FSFC), a publicly-traded, one-bank holdingcompany. Since 1994, a group of investors led by Marshall T. Reynolds controlled FSFC. Mr. Reynoldsheaded a chain banking organization (CBO), with four holding companies, including FSFC, and 11 bankswith combined assets of $2.8 billion.FSB engaged in community banking and commercial real estate (CRE) lending activities, including asignificant amount of residential and commercial acquisition, development, and construction (ADC)lending. Most of the bank’s lending was within Florida.
การแปล กรุณารอสักครู่..
