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First State Bank of the Florida Keys Parent Raises $11M - cbl
Posted July 10, 2011
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Karen Sharp
By Richard Rabicoff
KEY WEST -- First State Bank of the Florida Keys Holding Co., the parent of First State Bank of the Florida Keys, raised $11 million of a targeted $20 million equity offering.
In January of 2011, citybizlist reported that the First State Bank completed a $10 million debt offering. Three months earlier, we informed readers that that company had raised $10 million in an equity offering.
Named in the current related SEC filing were President and CEO Karen Sharp; executive vice president ; and CFO David Kolhagen.
Directors named in the filing include Frank Bervaldi; Dennis Bishop; Luis E. Cobo and T. Mark Jones, Ven-A-Care; Jay Hershoff; Markus Jakobson; William Kemp; Michael Klitenick; Randy Moore; John Spottswood, Robert Spottswood, and William Spottswood from Key West-based Spottswood Companies; and Carl Zwerner.
Sharp joined First State Bank of the Florida Keys as CFO in 1988 after a career that ranged from a management position with the McDonald's Corporation, to serving as a CPA for Friedman, Neuberger and Coopers & Lybrand and First Federal Savings and Loan. In 2002, she was elected President of First State Bank making her the first woman to hold the position as well as the first female board member. Later she would be named the Bank's first female Chief Executive Officer. She is a board member of Community Foundation of the Florida Keys and the American Cancer Society's Florida Keys Unit.
Founded in 1955, First State Bank has 11 offices from Key West to Key Largo and offers personal and business banking services as well as residential, consumer, and commercial loans.
SEC filing: http://tinyurl.com/5set67o
Also at citybizlist, see:
First State Bank of the Florida Keys Raises $10M - cbl
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