Stonegate Bank
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Stonegate Bank
Stonegate Bank is an American bank headquartered in Pompano Beach, Florida. History Stonegate Bank was established in 2005 by David Seleski. It has "21 banking offices in south and west Florida, mainly in Broward, Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm Beach and Sarasota counties." By June 2015, it had "$2.27 billion in assets and $1.93 billion in deposits." In 2017, Stonegate was bought by Home BancShares. Activities in Cuba Since 2015, it has been active in Cuba. It is the only US bank to be used by the Cuban government. For example, it is used to process Cuban visa fees. Meanwhile, the bank also signed a contract with Banco Internacional de Comercio to serve as its correspondent bank. The bank has been criticized by Cuban-born Republican Congresswoman Ileana Ros-Lehtinen Ileana Ros-Lehtinen (; born Ileana Carmen Ros y Adato, July 15, 1952) is a politician and lobbyist from Miami, Florida, who represented from 1989 to 2019. By the end of her tenure ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Sarasota County, Florida
Sarasota County is a county located in Southwest Florida. At the 2020 US census, the population was 434,006. Its county seat is Sarasota and its largest city is North Port. Sarasota County is part of the North Port–Sarasota–Bradenton, FL metropolitan statistical area. History The area that is now known as Sarasota County has been inhabited by humans for some 10,000 years. Evidence of human remains as well as a burned out log at the Warm Mineral Springs, in North Port, were discovered that date to the early Archaic period. Although the name was associated with the area from the beginning of European contacts, the origin of the name "Sarasota" is unknown. Some believe a fanciful story created for a popular early twentieth-century pageant held in Sarasota, that it was named after the daughter of famous explorer Hernando de Soto's daughter Sara. An early map of the area from 1763 shows the word "Zarazote" across present day Sarasota. Following exploration, the area w ...
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Banks Based In Florida
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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