The Laker-Wesley Chapel/New Tampa-July 15, 2015

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WESLEY CHAPEL/NEW TAMPA EDITION

JULY 15, 2015

Growth spurs school construction By B.C. Manion

bcmanion@lakerlutznews.com

When Pasco County School Board member Alison Crumbley considers anticipated growth along the State Road 54/56 corridor, she said, she is “taken aback.” She worries about the school district’s ability to provide schools for all of the students who will be moving into the new communities that are taking shape along that corridor. Superintendent Kurt Browning shares that sentiment. “That 54 corridor concerns me greatly,” Browning said, during a recent school board workshop on the district’s construction plans. “Our need certainly outpaces our resources,” the superintendent said. “When you look at the 54 corridor, from really, Little Road to just beyond Wiregrass, that’s Curley Road — there is so much growth and projected growth.

“Nor, do I want to build new schools and, the next thing you know, you see portables being pulled up on those school campuses,” Browning said. The lack of revenue has prompted the school district to launch an impact fee study, which could lead to higher school impact fees paid for new construction of residential properties in Pasco County. Meanwhile, the district is engaged in numerous construction projects and have others planned in the near future. B.C. MANION/STAFF PHOTO Chris Williams, director of planning, outCrews at Sanders Memorial Elementary lined those projects during the board’s School work to ensure that the county’s first workshop. He also provided additional demagnet school opens on schedule in August. tails during a separate interview. Sanders Memorial Elementary School is “Even up on Curley, there’s master- getting a massive makeover — and the Land planned communities. O’ Lakes Elementary School is getting more “As superintendent, it concerns me, be- than a brand new look. It is also becoming cause I know moms and dads don’t want Pasco County’s first magnet school. their kids in crowded classrooms. And I When Sanders opens in the fall, it will don’t want their kids in crowded classrooms. See SCHOOL, page 11A

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It is not yet clear whether any Bay Cities Bank locations will close as a result a merger between Home BancShares Inc., the parent company of Centennial Bank, and Florida Business BancGroup Inc, the parent company of Bay Cities Bank. This Bay Cities Bank is locatedin Lutz.

Centennial Bank will acquire Bay Cities Bank By Kathy Steele

fered by the resulting larger company. After the acquisition, Home BancShares will have about $8.5 billion in total assets. Home BancShares Inc., the parent com- Headquartered in Arkansas, the banking corpany of Centennial Bank, and Florida poration has locations there and in Florida, Business BancGroup Inc., parent company Alabama and New York City. “We look forward to adding Bay Cities’ of Bay Cities Bank, are merging. Home BancShares will acquire FBBI for experienced bankers to our team and to $101.6 million, an amount that is the second serving the customers of Bay Cities by prolargest paid for a Florida bank since 2007. viding the same friendly, local service they The bank in the past three years has also have grown accustomed to, while also probought Heritage Bank of Florida in Lutz, and viding increased resources through the Florida Traditions Bank in Dade City. combined franchise,” Centennial Chief A closing date on the purchase will be in Executive Officer Tracy French, said in a October. news release. “I think it is a good thing for our shareThe Tampa-based Bay Cities brings more holders,” said Gregory Bryant, Bay Cities’ than $540 million in total assets, $391 milpresident and chief executive officer. lion in loans and $461 million in deposits Customers also should benefit from into the deal, the release states. more services and products that can be of“We built a franchise in a good market,”

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Bryant said.“I think the price reflects that.” The bank currently has six branch locations in Hillsborough and Pinellas counties, and in Sarasota. There also is a loan company in Clearwater. Details on the transition are being worked out, and it is not clear yet if any locations will close, Bryant said. The merger is part of a trend that has emerged since the financial crisis of more than five years ago, he said. One reason is that low interest rates are affecting banks’ operating margins. But another issue is the increase in banking regulations in response to the crisis. Smaller banks, in particular, are burdened with absorbing regulatory costs, Bryant said. “I think there is some pressure on the banking sector that would suggest consolidation is going to continue,” he said.

Wesley Chapel company expects to expand to new markets By B.C. Manion

bcmanion@lakerlutznews.com

KeriCure Inc., a Wesley Chapel company, has secured a patent that is expected to open new doors for partnerships with pharmaceutical and medical device companies. “Our foundation of the company was actually built around this nanoparticle drug delivery technology that I helped to create at the University of South Florida,” said Kerriann Greenhalgh, who operates the company from her Wesley Chapel home. The company, which launched in 2011, has been offering consumer products to help promote the healing of cuts and wounds on people and pets, through liquid bandages sprayed on the skin. The polymer retains its elasticity, protecting the wound and allowing the cut to heal. The products for people are sold under the names Natural Seal Liquid Bandage, Natural Seal and Natural Seal on the Go, and are available at Publix, Kroger, Price Choppers, Marsh and Meijer, and in natural product stores throughout the United States. The pet products are known as Tough Seal for Pets and Champion Seal, and are available online and at some feed stores. The company also has a professional line of liquid bandage products, under the name of KeriCure’s Advanced Seal — Rx for Medical Use. That formulation is used by B.C. MANION/STAFF PHOTO physicians in various cosmetic, dermatologiKerriann Greenhalgh shows off the products her company has developed which are sold cal, burn, wound care and post-surgical See COMPANY, page 11A

online and in stores. She expects a much broader array of uses for her product, now that she has secured a new patent.


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