Seaside National Bank Gets PE Investors

Marino, Jonathan
December 2009
Mergers & Acquisitions Report;12/7/2009, Vol. 22 Issue 49, p19
The article reports on the decision of Parthenon Capital Partners and affiliates to invest an estimated 40 million U.S. dollars in Florida bank Seaside National. Other participants in the investment are Lovell Minnick Partners and Continental Investors and the bank's existing shareholders. The investment will help the bank strengthen its presence in Florida after it got hit by the recession.


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