June 29, 2015

Financial

Trendsetters - March 2006

Mike Vogel | 3/1/2006

The Fast Track


Sam Davis will head American Commerce Bank.

There are de novos -- new banks with usually around $15 million in startup capital -- and there are super de novos like 2002's U.S. Century Bank, with its then Florida-record $30 million in startup capital, and Great Florida Bank, with $60 million in 2004. Now there's a new record-holder aiming for a June opening in Tampa -- American Commerce Bank with $100 million.

Sam Davis II, 58, who once ran half of Florida for Barnett Bank, was tapped as president by Texas businessman Donald A. Adam, who is putting up $91 million of that $100 million. The statewide bank would serve commercial real estate customers, corporations, small businesses and professionals. The board is a who's who of the connected: Developers Mel Sembler in St. Petersburg, James Pugh Jr. in Orlando and Lee Arnold Jr. in Clearwater; Orlando consultant Dick Batchelor, Naples hospital and healthcare system President Dr. Allen Weiss; and University of South Florida President Judy Genshaft.

Three in the Pipeline

Twenty-five de novo bank applications were filed with the state in 2005. Here are the people behind three of the most recent:

C. Alan Renfroe, 54, president, CEO, Hometown Community Bank, Crestview. Has raised $15 million. Renfroe was CEO of First National Bank of Crestview.

Freddy G. Carr, 49, chairman, president, CEO, Destin First Bank. Aiming for $15 million to $18 million. Carr was executive VP of Destin Bank.

Brenda O'Neil, 53, chairwoman and CEO, Preferred Community Bank, Fort Myers. Wants to raise $9.5 million to $14 million. Was president, CEO, Premier Community Bank, Fort Myers.

Tags: Trendsetters, Banking & Finance

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Panama Canal Expansion Begins Filling of New Locks
Panama Canal Expansion Begins Filling of New Locks

The Panama Canal has taken another important step forward toward the completion of the Expansion Program as it begins to fill the lower chamber of its new Atlantic locks. Click to watch video and read more here

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

What's your response to the back-to-back landmark SCOTUS decisions?

  • Generally pleased--or thrilled--about both!
  • Fine with the ACA call; not so with the marriage ruling
  • Happy about marriage decision; not with healthcare subsidies
  • Disappointed--or upset--about both verdicts
  • Who's paying attention to politics? The drafts are on!

See Results

Ballot Box
Subscribe