September 3, 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

2015 Florida Bar Annual Convention: State Of The Florida Bar Address
2015 Florida Bar Annual Convention: State Of The Florida Bar Address

Florida Bar Past President Greg Coleman gives the annual State Of The Florida Bar Address during General Assembly at the 2015 Annual Convention in Boca Raton.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Should Florida residents be allowed to purchase electricity from independant solar power companies, and not be restricted to just purchasing power from utilities?

  • Yes, Florida residents should have "solar choice."
  • No, electricity regulations should stay as they are.

See Results

Ballot Box
Subscribe