


First State Bank, chief banker for the Monroe County School District for 18 years, has served notice that it intends to terminate its current three-year contract effective March 19.
In its place, the bank proposes to "amend" the contract, decreasing the amount of interest paid to the district from a floor of 1.05 percent to .50 percent.
The decision, whi...
The Spottswoods have benefitted as much from governmental largesse as they have from having been in the right place at the right time. The combination has allowed them to create a vast fortune, the scale of which has not been seen in the Florida Keys since Henry Flagler.
It is disappointing that they have yet to accept the wisdom reflected in the quote, “To those whom much is given, much is expected.”
Their decision to terminate their banking agreement with the school district is a business decision which I understand. They aren't really squeezing the kids, they are squeezing the taxpayers. I agree with you, however, that they have yet to establish themselves in the philanthropic arena to the extent that many great businessmen have and continue to do.