St. Petersburg Times
Special report
Video report
  • For their own good
    Fifty years ago, they were screwed-up kids sent to the Florida School for Boys to be straightened out. But now they are screwed-up men, scarred by the whippings they endured. Read the story and see a video and portrait gallery.
  • More video reports
Multimedia report
Print Email this storyEmail story Comment Email editor
Fill out this form to email this article to a friend
Your name Your email
Friend's name Friend's email
Your message
 

Talk of the Bay

WellCare founder Patel is biggest bank backer

By HELEN HUNTLEY
Published October 2, 2006


The directors of the proposed NorthStar Bank are putting up $4.06-million of the $18-million they hope to raise to launch the downtown bank.

It's no surprise whose name tops the list: Kiran Patel, the Tampa Bay philanthropist who founded WellCare, will invest $1.45-million in shares of Westchase Financial Group, which will be the bank holding company.

Other directors, contributing between $250,000 and $500,000, include real estate developer Gregory Politis, hedge fund manager Paresh Patel, politician and steel executive Frank Sanchez and lawyer Marty Traber. John Sykes, founder of Sykes Enterprises, is one of the organizers, but not a director, so his stake isn't disclosed in the bank's application to the Office of Financial Regulation.

 

[Last modified October 2, 2006, 06:36:11]


Share your thoughts on this story

[an error occurred while processing this directive]
Subscribe to the Times
Click here for daily delivery
of the St. Petersburg Times.

Email Newsletters

ADVERTISEMENT