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Boca Raton, Fla.-based First Southern Bancorp Inc. unit First Southern Bank said it raised approximately $400 million in fresh capital from 25 institutional investors, the South Florida Business Journal reported Feb. 2.
The investors, who purchased common and preferred stock, appointed Herbert Boydstun chairman and CEO, J. Randolph Bryan COO and Marsha Gassan CFO of First Southern Bank, the publication reported. Franklin Burnside, the former CEO of the bank, will...