User:Kitschqueen/Reid Mack

Reid Mack

Reid Mack is a Miami, Florida based commercial banker and financier. He is known for his acquisition of corporate names associated with Barnett Bank, once the largest commercial bank in Florida.

Mack received a bachelor's degree in Economics from the University of Miami. and was a mortgage lender with the Bank of Florida. As president of Jackson, Stone & Steinam and A-1 Security Finance, Mack led investor efforts to acquire shares of Hamilton Bancorp through a mini-tender offer. As of 2011, Mack was Managing Director at Jackson, Witter & Associates.

In July 2000, Mack acquired rights to the corporate names of the Barnett Mortgage Company, Barnett Lending Services and Barnett Credit Services following Bank of America's failure to renew the names with the Florida Department of State. Mack reportedly paid $70 to secure each name. Bank of America pursued legal action against his claims.

Read more: Oops! Bank buys Barnett, but not its name | Orlando Business Journal Retrieved on 3/21/2011 Following the acquisition, Reid expressed his views on the names, "Barnett for over 100 years had been trying to make this name into something recognized throughout Florida and respected," he said. "I thought there was still some intrinsic value left."