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Business Observer Friday, Mar. 27, 2015 5 years ago

Corporate report

Terra Nova Transcription hires new chief operating officer; HomeBanc parent raises $16.5 million; Village of Estero council chooses Pace as interim finance director; InformedDNA creates growth officer position; CenterState Bank division selling C1 Bank smart loan app

Terra Nova Transcription hires new chief operating officer
Terra Nova Transcription, which has offices in both Tampa and St. John's, Newfoundland, appointed Steve Sanchez of Miami its new chief operating officer. He will be responsible for the direct day-to-day operations and report directly to Maria French, president and CEO of Terra Nova.

Sanchez has more than 25 years' experience in the health care industry. He previously worked at Expert Medical Transcription Services and M*Modal in Miami, where he managed transcription and quality assurance teams.

HomeBanc parent raises $16.5 million
Tampa-based HomeBancorp Inc. has raised $16.5 million in equity. The capital was raised in partnership with Tricadia Capital Management LLC, an investment management firm located in New York City.

HomeBancorp Inc.'s subsidiary, HomeBanc N.A., has 14 offices.

CenterState Bank division selling C1 Bank smart loan app
C1 Bank (symbol: BNK; recent price: $17.11) of St. Petersburg announced a new partnership with Davenport-based CenterState Bank of Florida N.A., which is owned by Davenport-based CenterState Banks Inc.(symbol: CSFL; recent price: $11.76). CenterState, through its correspondent division, will provide analytics and help launch and market C1 Lab's Smart Loan Express to financial institutions across the country.

Smart Loan Express assists bank lenders and management teams to better understand and manage the risk-adjusted return on equity of a new loan through a website or cloud-based application that can be run on a computer or mobile device.

C1 Bank has used Smart Loan Express since 2013, and the bank says it has seen an improvement in both production and profitability.

“Bank relationships are too complicated to price by gut anymore,” Chris Nichols, the chief strategy officer for CenterState Bank, says in a press release. “Smart Loan Express is state of the art when it comes to bank analytics as the artificial intelligence makes context-sensitive suggestions, as well as gives the lender the probability of approval based on the bank's past credit approval history — the end result is more lender confidence and greater bank profitability.”

Village of Estero council chooses Pace as interim finance director
Lisa Pace was chosen as interim finance director for the Village of Estero through a unanimous vote of the village council. She is a certified public accountant and a partner at Estero-based Adgate, Pace & Associates CPAs PA with more than 20 years' experience in accounting. She is also the former finance director for the city of Bonita Springs.

In her new role, Pace will oversee the municipality's accounting, budgeting and financial planning functions. She is also responsible for drafting the annual budget and preparing the financial statements.

Pace's firm, Adgate, Pace & Associates, was also chosen to provide accounting services for the Village of Estero.

InformedDNA creates growth officer position
InformedDNA in St. Petersburg has hired Terry Boch as its chief growth officer, a new position for the company.

The company says the executive-level position was created to help it manage its rapid growth, increase its future market position and to execute on opportunities.

Boch has spent 25 years in the health care industry. She has held a variety of positions with Wellcentive, Covisint, Allscripts, Carolinas Healthcare and United Healthcare.

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