|
06.11.2007
CP Capital Group Plans
Move to New Location
FOR IMMEDIATE RELEASE
Miami, FL — June 1, 2007
— CP Capital Group, an integrated financial services company serving
individuals and institutions worldwide, today announced plans to move its
corporate offices as well as its related companies to a new location in Miami,
Florida.
The firm recently initiated
due diligence activities concerning its plans to move its operations closer to
the Coral Way branch of Security Bank, N.A.—a Florida-based bank acquired
in January 2007 through CP Capital Bancorp and financed through a $30,000,000
private placement by CP Capital Securities.
The plan to maintain close
proximity to Security Bank comes as no surprise, given the election of Harold
L. Connell—president and CEO of CP Capital Group—as chairman and CEO
of CP Capital Bancorp and Security Bank following the bank’s acquisition
earlier this year.
While office renovations are
still in progress, it is expected that the move will take place in October
2007. |
