New bank raises $20 million locally

Gulfside Bank says funds have come from about 225 area investors.

  • By Business Observer Staff
  • | 3:49 p.m. August 21, 2018
  • | 0 Free Articles Remaining!
The organizers of Gulfside Bank have raised over $20 million to capitalize the new bank, says CEO Dennis Murphy.
The organizers of Gulfside Bank have raised over $20 million to capitalize the new bank, says CEO Dennis Murphy.
  • Manatee-Sarasota
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SARASOTA — The organizers of Gulfside Bank have raised over $20 million to capitalize the new bank.

According to a press release, organizers raised the money in eight weeks without brokers or investment bankers.

 

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