Daily Record FINANCIAL NEWS &
MONDAY, OCTOBER 31, 2016
Vol. 103, No. 251 • Two SecTioNS
35¢ www.jaxdailyrecord.com
Bedell adds family law practice
Addition a ‘natural transition’ for law firm
EverBank earnings up before merger
As it works toward completing its merger into financial services firm TIAA, EverBank Financial Corp. on Friday reported higher third-quarter earnings. The Jacksonville-based banking company reported adjusted earnings of 40 cents a share, up from 23 cents in the third quarter of 2015. EverBank’s earnings were 4 cents higher than the average forecast of analysts, according to Yahoo Finance. As is customary when a company has a merger pending, EverBank did not provide any commentary on its earnings and did not hold a conference call with analysts to discuss the results. EverBank announced its agreement in August to merge with TIAA’s bank subsidiary. The companies hope to complete the deal in the first half of 2017.
Ashley Greene’s practice over the years has been federal and state criminal defense along with Florida Bar disciplinary defense. Al Brooke’s has been federal white collar defense and appellate work. Michael Lockamy’s focus has been on business litigation. The three Bedell Firm attorneys recently added another area to their offerings: family law. It’s a first for Florida’s old-
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the topic. “It was just a natural transition to make,” said Greene. John DeVault , the firm’s managing director, said he remembers when the possibility came to mind. He and Lockamy were involved in a “gigantic” malpractice case involving a family law matter from outside the area. It was a dispute over the valuation of a family business. “I thought, ‘Maybe we ought to consider that,’” said DeVault of BEDELL CONTINUED ON PAGE A-11
Richard Rosenblum just inside the entrance of the Rosenblums on San Jose Boulevard, with the women’s section to the left, the men’s department to the right and accessories and the sales desk behind him.
Style through the ages Rosenblums has been outfitting Jacksonville for more than a century
Atlantic Coast earnings increase
Atlantic Coast Financial Corp. reported core earnings of 8 cents a share in the third quarter, one cent higher than last year. A gain on the sale of securities made final net income 10 cents a share for the quarter. The Jacksonville-based banking company said its nonperforming loans (loans that are overdue or are not being paid at all) rose from 0.51 percent of all loans at midyear to 1.66 percent at the end of the third quarter. In a news release, CEO John Stephens said the increase resulted from its efforts to resolve two particular loans. “Absent these loans, which were originated prior to the 2008 credit crisis, the level of delinquency and nonperforming assets remains at a very strong level,” he said. The company also said its bank subsidiary, Atlantic Coast Bank, has received approval to convert from a federal to a state charter.
est law firm that has long been known for criminal and civil litigation. Bedell added the new area several months ago after considering it for years, said Greene, who is heading the family law team. She said many clients over the years have asked Bedell attorneys for family law help, but they’ve been referred elsewhere. Yet, many of the criminal and civil litigation matters the firm handles have similarities, such as heavy financial analysis and the sheer emotions that come with
Photos by Fran Ruchalski
The Bedell Firm family law team of paralegal Patricia Abraham and attorneys Michael Lockamy, Ashley Greene and Al Brooke. Greene is heading up the team.
Special to the Daily Record
By David Chapman Staff Writer
By Karen Brune Mathis Managing Editor
A well-dressed mannequin in the men’s area of the store.
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Richard Rosenblum and his older brother, Bob, are the third generation of a 118-year-old Jacksonville-based family business, Rosenblums, whose tagline is, “Experience Fine Clothing.” Their grandfather, Frank, founded the business Downtown in 1898 with a pushcart of wares. After the Great Fire of 1901, he opened one of the first men’s clothing stores in Jacksonville. His three sons later joined the business, and by the 1960s, they sold men’s and women’s fashions at four locations. In the early 1980s, grandsons Bob and Richard joined the company. They opened along the riverfront on San Jose Boulevard in 1996 and in Jacksonville Beach seven years later, the locations now of Duval County’s two Rosenblums stores. Rosenblums is known for its high-fash-
ion brands and customer service, and is one of the original Jacksonville boutiques bringing designer clothing to the area. Brother Tom, 58, also grew up in the business and is a Jacksonville attorney. Richard Rosenblum, 54, recently talked about the historic company. How did Rosenblums decide high fashion and designer clothing was its niche? My grandfather passed away in the ‘40s. From what I understand through my dad and uncles, it always had been a desire of his not only to provide service but to be in the better clothing business. That inspiration is something that we’ve carried on from generation to generation. I think back in the day of the ‘40s and ‘50s and ‘60s, dressing was definitely more important. That was probably the catalyst for being in the better clothing business. SUCCESS CONTINUED ON PAGE A-8
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