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MiamiHerald.com: Press Releases - Banking

• Bank of Florida Corp. Provides Preliminary Third Quarter 2008 Results
  Bank of Florida Corporation (NASDAQ:BOFL):
• Broward County Vice Mayor to Deliver Keynote Speech at Rachlin's 14th Annual Governmental Symposium
  Stacy Ritter, Broward County Vice Mayor, will deliver the luncheon keynote address on Wednesday, October 29th, at 12:00 p.m., during the first day of Rachlin's 14th annual Governmental Symposium. Presented by the firm's Assurance division, the symposium focuses on current developments in governmental affairs, including accounting, legal and operational topics.
• Credit Suisse Obtains Life Settlement Licenses in Florida and Puerto Rico
  Credit Suisse Life Settlements LLC has obtained approval of its life settlement provider licenses in the jurisdictions of Florida and Puerto Rico, which will enable it to purchase life insurance polices from policy owners who reside in such jurisdictions. In addition to being one of a limited number of providers to have a license in Florida, Credit Suisse Life Settlements is the first and only provider to date to obtain a license in Puerto Rico. As of today, Credit Suisse Life Settlements is able to purchase life insurance policies from policy owners in the following 45 jurisdictions: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin and Wyoming.
• Financial Planner's Advice: Don't Tap Your Retirement Account!
  Don't make a costly mistake with your retirement money in today's turbulent financial markets, says Sarasota financial planner Phil Couture.
• homesaverprogram.org Loan Modification Saves Desperate Couple from Losing Their Home to Foreclosure
  Where would homeowners go for help when foreclosure raps on their doors? For couple David Gonzales and his wife Tiffany, they ran to homesaverprogram.org.
• Over 550 Franchise and Coaching Executives Gather in Miami to Transform the State of Franchising and Business Coaching
  FranchisEsource Brands International (FSBI) (www.FranchisEsource.com) hosted one of the largest gatherings of Franchise and Business Coaching professionals in the industry last week as 260 executives and representatives from 130 franchisor concepts and 220 FSBI business coaches gathered to celebrate franchising and strategize the future of business coaching and entrepreneurial success. This invitation- only event was the ninth annual gathering for FSBI and its entire network of international franchise brand partners.
• While Stockbrokers/Traders Are Laid off, Bright Trading Remains Strong; Transitioning to Trading Tour
  Bob and Don Bright spent many years on the trading floors of various exchanges, and try to emulate the camaraderie of trader interaction. "It's nice to share trading ideas and other industry news with those from other Firms and Exchanges," said Don Bright. Mr. Bright is holding a "meet and greet" workshop and dinner in Austin, Texas on October 8. This event is open to the public. See www.stocktrading.com/austin2008b.html for details.
• Does Your Financial Portfolio Need A Second Opinion?
  For many Americans, when the doctor recommends surgery, most will seek a second opinion. But when it comes to their financial portfolio, they tend to leave it in the hands of their long-time investment banker. With all the turmoil in the market today, Power Financial Credit Union, one of South Florida's leading credit unions, is inviting the community to take advantage of a free financial consultation through its Power Investment Services Division.
• United Insurance Holdings Corp. Announces Completion of Share Conversion, Share Repurchase Program and Exchange Offer
  United Insurance Holding Corp. (OTCBB: FMGQ; FMGQW; FMGQU) ("United" or the "Company"), an underwriter of homeowners and selected small business insurance in the State of Florida, announced today that the Company has settled transactions whereby the Company and certain of its affiliates completed privately negotiated purchases with a limited number of the Company's stockholders to purchase 1,980,671 shares of the Company's outstanding common stock for an aggregate purchase price of $15,740,351. Such stockholders also agreed to vote in favor of the merger of United Insurance Holdings LC with a subsidiary of the Company and thereby complete the business combination. United also announced that, pursuant to conversion rights granted to stockholders who owned common stock issued in the Company's initial public offering ("IPO"), 1,267,863 shares were converted. United used funds totaling $10,039,861 held in the trust account established in connection with its IPO to consummate the conversion. In addition, United consummated its previously announced exchange offer made available to certain institutional holders of its common stock whereby such stockholders exchanged 869,565 shares of United's common stock for the Company's notes in the aggregate principal amount of $7,526,882. Following the consummation of these transactions and the business combination, United had 10,548,932 shares of common stock and 7,077,375 warrants to purchase common stock (each with a strike price of $6.00) issued and outstanding.
• Florida Capital Bank Joins CDARS Network
  Florida Capital Bank, N.A. is pleased to offer customers even more financial security through its membership in the CDARS(R) Network. Florida Capital Bank depositors can now enjoy access to full FDIC insurance on deposits of up to $50 million.
• Fitch Rts Baptist Health Care Corporation, Pensacola, Florida's $515MM Bonds 'BBB-'; Outlook Stable
  Fitch Ratings has assigned a 'BBB-' rating on Baptist Health Care Corporation's (BHCC) $515 million series 2008 bonds expected to be issued through the Escambia County Health Facilities Authority. The rating outlook is stable.
• Credit Unions Support Members During Natural Disasters with 24/7 Call Center Services
  Digital Dialogue, a PSCU Financial Services company and nationwide provider of 24/7 call center operations and software solutions to credit unions, provided 24/7 call center services to Jacksonville, Fla.-based Coastline Federal Credit Union during Tropical Storm Fay and Baton Rouge, La.-based LA DOTD Federal Credit Union during Hurricane Gustav. Both credit unions were able to minimize business interruptions during natural disasters with Digital Dialogue as a business continuity partner.
• GASB to Hold User Forum and Public Hearing on Its Request for Response on Suggested Guidelines for Voluntary Performance Reporting
  In line with its commitment to open and rigorous due process, the Governmental Accounting Standards Board (GASB) will hold a forum exclusively for external financial statement users and a public hearing to obtain information about the issues discussed in the Request for Response, Suggested Guidelines for Voluntary Reporting of SEA Performance Information. The purpose of the forum and hearing is to obtain feedback from constituents at an early stage of the Board's project to develop guidelines to assist state and local governments that voluntarily choose to report on their service efforts and accomplishments (SEA).
• Converzion Partners with Imerex to Provide Online Marketing for European & U.S. Companies Seeking to Expand into New Markets
  Converzion (http://www.converzion.com), an international business development firm, announced today its new partnership with Imerex, Inc. (http://imerex.com), an online marketing agency, to provide European companies seeking to expand across the Atlantic and U.S.-based businesses interested in the E.U. market with a variety of adva