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>> CVS Latest News

JUN 19, 2013 - Washington Business Journal

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Stonegate Bank loans $9M to build Bank of America, CVS in Fort Lauderdale

Stonegate Bank provided a $9 million construction loan to redevelop a Fort Lauderdale site into a Bank of America branch and a CVS store. The Fort Lauderdale-based bank (OTCBB: SGBK), which has been an active lender of late, made the loan to 4901 Ltd., an affiliate of Sunrise-based Trion Ventures. Kenneth T. Barber is the president of the developer. It has owned the 2.7-acre site at 4901 N. Federal Highway since 1999 and it currently has an office building dating from 1967. Bank of America (NYSE:…

Tags: Stonegate Bank loans $9M to build Bank of America, CVS in Fort Lauderdale,  Cvs Latest News