Fitch Ratings reaffirmed an ‘A’ rating for Jacksonville Port Authority bonds but revised its rating outlook to negative due to rising debt service obligations and less revenue caused by the recession.
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Everbank snags failed Bank of Florida
June 1st, 2010 
rcovington Federal regulators seized the three subsidiary banks from Bank of Florida Corp. on Friday and handed the assets and deposits to Jacksonville-based EverBank. (BOFL)
CSX teams with state in security pact
June 1st, 2010 rcovington CSX Corp. has entered into a rail security agreement with the State of Florida that it hopes to replicate in other states it operates in.
PSS looks to acquire more companies
June 1st, 2010 rcovington PSS World Medical Inc. plans to become more aggressive with mergers and acquisitions in the coming year, the company said Thursday at its annual analyst’s day in Chicago.
AvMed starts coverage for young people
June 1st, 2010 rcovington AvMed Health Plans on Friday said it will extend insurance coverage for dependents under the age of 26 in advance of the government’s deadline to do so.
Florida leads nation in 2010 bank failures
June 1st, 2010 rcovington The failures of three banks – Bank of Florida – Tampa Bay, Bank of Florida – Southwest and Bank of Florida – Southeast – this past weekend awarded Florida the dubious honor of leading the nation in forced bank closures in 2010.
Jacksonville-based Everbank snatched up the three Bank of Florida’s from the FDIC, but not before the failed banks cost the fund an estimated $203 million.
The challenge for many Florida banks (including local ones) according to Times-Union writer Mark Basch, is the fact that many need to raise ……
Initiative beginning to ‘freshen’ Pantry food offerings
June 1st, 2010 rcovington For many of us, a good cup of coffee is an essential start to a successful day.
For The Pantry Inc., a good cup of coffee is an essential start of a successful business plan.
North Carolina-based Pantry operates more than 1,600 convenience stores in 11 states, mainly under the Kangaroo brand name.
The company has been a major player in the local convenience store market since acquiring Jacksonville-based Lil’ Champ in 1997. Pantry operates about 130 stores in the Jacksonville metropolitan area, most of which have ……
Sizable discounts available with drug cards
June 1st, 2010 rcovington The Coast2Coast Rx card – a discount drug card – started out on just one coast, operating from the Ponte Vedra Beach office of Financial Marketing Concepts Inc.
Then in 2008, Financial Marketing Concepts won the backing of the Baker County Commission, which put its stamp of approval on the Coast2Coast Rx card for use by Baker County residents.
Since then, Financial Marketing Concepts has struck similar agreements with 29 counties and cities in Florida, California, Texas, Ohio, Alabama, New ……
Don’t get burned by summertime scammers
June 1st, 2010 rcovington Summertime is coming. Here are three scams to watch out for as the weather heats up.
Fraudulent vacation rentals
Here’s the setup: scammers place an online classified ad that shows an eye-catching photograph of a home or apartment for a vacation rental. The rental rate is attractive.
But if a picture is worth a thousand words, it might not be worth a thousand dollars or anything at all.
The National Consumers League Fraud Center says scammers often display photos of actual ……
Fitch’s rating applies to $163 million in bonds.
June 1st, 2010 rcovington Fitch Ratings this week affirmed an ‘A’ rating for Jacksonville Port Authority bonds but said the rating outlook is negative because the port’s revenue has not grown as fast as expected the past two years.
Fitch’s rating applies to $163 million in bonds.
The rating agency said JaxPort showed “ability to perform relatively well during the global recession time period.” However, Fitch said the Port Authority must return to growth levels at or above historic rates so it can keep pace with rising debt levels. Fitch said it would return ……
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