Gulfstream Bancshares Inc. has put itself up for sale, two people with knowledge of the matter told Bloomberg News — a report Gulfstream President John Tranter called “just rumors.”
Hovde Financial Inc. of Inverness, Ill., is marketing the parent of Stuart-based Gulfstream Business Bank. Gulfstream, which has $550 million in assets and four branches from Delray Beach to Port St. Lucie, remained profitable and well-capitalized through the Great Recession.
Subscribers get total access to this story, and all our in-depth news, digital editions and exclusive content. Subscribe today, or try a 24-hour or 7-day digital pass.
All Day Access — 24-hour digital pass99¢ for 24 hours
All Week Access – 7-day digital pass$3.99 for 7 days
All Access, All the Time – Print & DigitalView Offers
Post Print Subscriber — I need to register my account for digital access.Access Digital
Registered Post Subscriber — Sign me in.Sign In