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Robert Rothman

Florida Bank insiders shafted minority investors in sale to IberiaBank, suit says

in Local Courts/Top Headlines by

Minority investors in a Tampa Bay-area bank are accusing the board and other insiders of shafting them by manipulating share values before the bank’s sale to a Louisiana firm. Tampa-based Florida Bank Group – the holding company operating under the name Florida Bank – received millions in federal Troubled Asset Relief Program TARP funds after losing $137-million between 2007 and 2013. Florida Bank, originally the Bank of St. Petersburg, had been operating since 1985, and now has nine offices in…

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