Fortress invests in Florida bank
Fri May 29, 2009
Group is the latest financial institution betting on strong
future returns from community banks. The listed hedge fund and
private equity group has partnered with private equity firms
Crestview Partners and Lightyear Capital to take a controlling
interest in First Southern Bancorp, a Florida community
The investment group will inject roughly $800 million into
First Southern Bancorp to be split equally to ensure that none
ISSN: 2151-1845 / CDC10004H
The full contents of this article are available to active AR subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to AR.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.