Bank buys property near Blake hospital
BRADENTON -- Bank of the Ozarks has purchased a building near Blake Medical Center where it has been leasing space for one of its Manatee County branches.
On April 30, the Little Rock-headquartered bank paid $1.9 million for the bank building at 2102 59th St. W., according to county land records. The seller was Horizon Partnership LLP. State corporate records show that this company is related to Bradenton-based USA Fence.
According to online commercial property website Loopnet, Bank of the Ozarks had been leasing space in the 5,642-square-foot building. The structure was built in 2001 as a bank branch.
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The bank building was built two years after Horizon purchased the then-vacant three-quarters of an acre. The branch is south and across 21st Avenue West from Blake Medical Center.
Bank of the Ozarks operates four branches in Manatee County, including one at 1901 Manatee Ave. W. it built and opened in 2014.
Rosie O'Donnell sells Casey Key estate
CASEY KEY -- A year and a half after moving to the island, Rosie O'Donnell has sold her beachfront estate for $5.3 million.
The talk show host and former host of "The View" sold the property at 703 Casey Key Road on April 15 to J. Dean Stauffer, a Denver electrical equipment wholesaler. The property was originally listed for $5.75 million.
O'Donnell had purchased the property in two pieces. In October 2013, she bought a three-quarter acre, gulf beach front property with 4,648-square-foot Key West style home for $5 million, according to Sarasota County property records. Last July, she paid $180,000 for a sliver of property across Casey Key Road that gave her beach-to-bay reach across the key.
The buyer gets both pieces of property, plus a dry slip at Gulf Harbor Marina.
According to media reports, O'Donnell filed for divorce in February from her wife, Michelle Rounds, after two and half years of marriage. The Casey Key home was listed for sale the same month.
Treasury to double money in its checking account
WASHINGTON -- The federal government, concerned about possible financial market disruptions from events such as cyberattacks, has decided to more than double the amount of money it keeps in its checking account.
The Treasury Department has announced it will aim to run an operating balance of between $200 billion to $225 billion, which would be enough to pay the government's bills for about a week.
Since the 2008 financial crisis, the Treasury has held a daily balance of around $80 billion.
Treasury officials said Wednesday they think it would be prudent to keep more money on hand in the event Treasury was blocked from raising funds in the bond market by events such as Superstorm Sandy, the terrorist attacks of 2001 or a future cyberattack.
-- Herald staff and wire reports