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Sabal Palm Bank raises $4.6M

Sarasota, Fla.-based Sabal Palm Bank raised $4.6 million in a stock offeringto existing shareholders, BusinessObserver (Sarasota, Fla.) reported March 31.

President and CEO Neil McCurry Jr. said that the new capitalwill allow the bank to provide over $50 million in new loans, according to thereport.