Florida Bank insiders shafted minority investors in sale to IberiaBank, suit says
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 โ the holding company operating under the name Florida Bank โ 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…