Community Bank of Manatee completed a recapitalization with CBM Florida Holding Company, Inc.

Community Bank of Manatee is a privately-held commercial bank, operating five branches in Manatee and Hillsborough County, Florida.  As of September 30, 2009, the Bank had $252.0 million in assets, $189.3 million in total loans, $219.0 million in deposits and $11.9 million in stockholders' equity.  The Bank was established in November 1995 and is headquartered in Bradenton.

The investor group backing CBM Florida Holding Company, Inc. consists of four individuals led by Marcelo Lima and Trevor Burgess.  The investor group increased its original contribution to $11.5 million from $10 million and the Bank raised another $3.5 million from approximately 80 current stockholders.

The Carson Medlin Company served as financial advisor to Community Bank of Manatee, with Paula S. Johannsen acting as lead banker.