Daily Record Financial News &
Monday, June 1, 2015
Vol. 102, No. 141 • Two Sections
Bringing evidence to life in 3-D
By Kevin Hogencamp Contributing Writer
Warren creates same opportunities he received
Josh Weinberger hasn’t been a model law student. But the 24-year-old Jacksonville man is creating models that could help lawyers win in the courtroom. “It’s a new way of bringing evidence to life,” the former Stetson University College of Law student said of his business, 3-D Printed Evidence. Using models in the courtroom isn’t new. Attorneys realized long ago jurors can glean more from a cardboard replica of a crime scene or a cast of a footprint, for example, than from photographs. But the exactness of 3-D printed technology provides more detail, accuracy and perspective than many other types of replicas. “If a picture says a thousand words, then a model says a lot more. That’s especially the case with 3-D models,” Weinberger said at the Downtown Jacksonville office of his 3-D business partner, Forge. Since 3-D Printed Evidence was conceived last fall, Weinberger has assisted with a handful of legal cases, though none locally. His first project was a model of a fractured skull for a St. Petersburg law firm that learned about 3-D Printed Evidence from an American Bar Association publication. It was the first time Weinberger used data from an MRI to produce a model. “They could have shown the fracture on a screen, but the model solidified to the
By Karen Brune Mathis, Managing Editor
Cleve Edward Warren is a Jacksonville native with a long track record in finance, education and community service. To recognize his efforts, Leadership Jacksonville honored him this year as a community trustee. He received the OneJax Humanitarian Award in 2010 and also has been named to the First Coast Business Hall of Fame. Warren, 63, is chief financial officer of Florida State College at Jacksonville, a position he took two years ago. Before that he held several banking and investment positions including with Barnett Bank of Jacksonville, Wachovia Bank, Community First Bank and Essential Capital Finance. Warren’s economic development work includes serving with former Mayor Ed Austin and as executive director of the Florida Black Business Investment Board under former Gov. Bob Martinez. His latest priorities include the Valor Academy of Leadership charter school for boys and the Virtue Academy of Arts and Science charter school for girls, which are governed by Profectus Learning Systems Inc. Warren chairs the organization. He and his wife, Patricia, have two children, Errika and Brian.
Photo by Karen Brune Mathis
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Local company adds new dimension in courtrooms
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New Jersey-based bank buying CNL A New Jersey-based bank is entering the Jacksonville market by acquiring CNLBancshares Inc., which has three branches in Northeast Florida. But its CEO seems to be unfamiliar with the market. Valley National Bancorp last week announced the agreement to buy Orlando-based CNL for $207 million in stock. CNLBank has 16 branches throughout Florida, including offices in Jacksonville, Ponte Vedra Beach and St. Augustine. “CNL brings us attractive markets in Jacksonville, Orlan-
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do, Sarasota, Fort Myers and Naples,” Valley Chairman and CEO Gerald Lipkin said in a conference call with analysts. “Each of these markets shows strong population growth and strong economic growth, so we’re excited about that,” he said. However, Lipkin showed that maybe he hasn’t visited the Jacksonville area by mispronouncing “Ponte Vedra” as he detailed the three offices in Northeast Florida. It was something along the lines of “Pohnta Veydra.” Still, Valley is making a big commitment to Florida, as CNL is
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its second acquisition in the state in the past year. The company last year acquired Boca Ratonbased 1st United Bancorp Inc., which had 21 branches in Southeast and Central Florida, for $312 million. Lipkin said the integration of 1st United has “met or exceeded” the company’s objectives.
Before that deal, Valley was focused on the New York metropolitan area. Aside from its Florida offices, it has 161 branches in northern and central New Jersey and 43 in New York City and Long Island. “It’s our strategic vision at Valley to create what I like to refer to as a three-legged stool covering New Jersey, New York and Florida,” Lipkin said. He hopes Valley can grow from about $20 billion in assets when it completes the acquisition of CNL to $25 billion, with one-third of its base in Florida.
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Valley’s Florida strategy seems like a throwback to the 1980s, when interstate bank mergers were first allowed and many New York banks were anxious to get into Florida’s lucrative markets. Of course, many Florida cities are populated with retirees and snowbirds who fled the New York area. “It’s interesting how many of our clients have homes in two or more of our markets,” he said. Valley is hoping to complete the CNL acquisition in the fourth quarter this year. Basch... Continued
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