Centrust Bank
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Title: Centrust Bank

Essay Details:

Subject: Business
Author: Gladys M
Date: April 15, 2015
Level: University
Grade: A
Length: 5 / 1249

Essay text:

They virtually invented a skyline where none existed as late as the early 1980s. CenTrust Bank and David Paul gave huge sums of money and much effort toward founding the New World Symphony in the 1980s. But the local corporate world was shaken badly at that time. In South Florida, home of fragile physical, social and economic climates, big business became an endangered species. Prominent in the downtown skyline were buildings built by financial institutions that had failed or were in serious trouble. By November 1983, CenTrust had losses of $500 million and was headed toward insolvency and federal takeover...

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