Bank capital deal goes through

  • By Business Observer Staff
  • | 5:18 p.m. October 1, 2010
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North American Financial Holdings Inc. officially invested $175 million into TIB Financial Corp. yesterday, as the deal announced back in June finally closed. NAFH receives 37,000 shares of preferred stock in the deal, as well as $12.2 million worth of TIB common stock (symbol: TIBB).

 

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