Community Bank Receives $4,700,000 in Additional New Capital

BRADENTON, Fla, April 1 /PRNewswire/ -- Chairman and CEO, William H. Sedgeman, Jr., announced today that an additional $4.7 million in capital has been received by the bank on top of the $15 million in capital that closed on December 3, 2009.

"Loan demand from small to medium sized businesses and from individuals looking to purchase and refinance their homes is growing and we want to be prepared to meet this demand," said Sedgeman.

President Bob Critchfiled added, "we can make loans from $50,000 to $5,000,000 and all decisions are made right here in the Tampa Bay area so our turn around time from application to closing can often take place in as short as one week."

ABOUT COMMUNITY BANK OF MANATEE

Community Bank continues to specialize in solutions for individuals by offering the regions best checking account, "Clover Gold," residential mortgages including "jumbo mortgages" with local quick decision-making and business solutions including Small Business Administration loans. Community Bank was recently ranked as the number one local community bank for SBA loans.

Community Bank of Manatee, is a local, independent bank serving the communities of Florida's central Gulf Coast with five branches in Manatee and Hillsborough counties:

Founded in 1995 the bank is Manatee County's oldest local bank. For more information, visit the bank's website at:  www.CommunityBankNow.com or contact the nearest office.

SOURCE Community Bank of Manatee