U.S. Markets open in 1 min

Leaders from Hancock, Fifth Third, Regions, Mutual of Omaha, Raymond James launch a $550 million bank in Tampa

Margie Manning
American City Business Journals
Leaders from Hancock, Fifth Third, Regions, Mutual of Omaha, Raymond James launch a $550 million bank in Tampa

With $100 million in fresh capital and a leadership team made up of well-known bankers, Beach Community Bank is moving its executive headquarters from the Florida panhandle to Tampa. Carl Chaney, former CEO of Hancock Bank (NASDAQ: HWC), and Charles “Chip” Reeves, a former executive at Fifth Third Bank (NASDAQ: FITB), worked with investment banking firm Hovde Group on a private placement to recapitalize the bank.