Corporate Report: Aug. 20 - Aug. 26

Turbine Generator Maintenance sold to top three executives
The senior management of Cape Coral-based Turbine Generator Maintenance Inc. — CEO David Branton, Chief Financial Officer Robert Davis and Vice President of Sales and Marketing Todd Feeley — purchased the company from GFI Energy Ventures LLC.
Branton said that the former owners had started negotiating to sell the company to a large out-of-state competitor.
“Senior management did not see the long-term benefit to the company, its employees, or customers and put together a buy-out package that would keep the company intact and in the state,” he wrote in an email to the Review. “The new owners have taken a long-term view of growing the company in its present location and are working diligently with local colleges and technical schools to train turbine generator specialists.”
Turbine Generator Maintenance has been servicing steam and gas turbine generator sets throughout the United States and Central and South America since 1986.

Community Bank of Manatee hires Pemble as president & COO
Community Bank of Manatee has named Kathryn Pemble its president and chief operating officer, and a member of its board of directors.
Prior to joining the company, Pemble was with Florida Bank —previously named Bank of St. Petersburg — in Tampa. During her tenure there, she was chief operating officer, president and chief executive. Most recently, she was chief credit officer for the bank and holding company, Florida Bank Group Inc. Before joining Bank of St. Petersburg in 2004, Pemble was Pinellas County president for Bank of America.
Community Bank of Manatee CEO and Chairman William H. Sedgeman Jr. said in a press release, “Katie joins us at an exciting time as the bank just had a profitable second quarter, and stands with the highest capitalization in the bank's 14 year history.”
Pemble also serves as treasurer and finance committee chairman of Bayfront Health System Inc. in St. Petersburg.
Community Bank has five branches in Manatee and Hillsborough counties and held $250 million in assets as of June 30.

Sarasota's New Gate School joining Montessori Foundation
The board of trustees for the private New Gate School in Sarasota has voted to merge with The Montessori Foundation's Field School.
Tim Seldin, who has served as the Montessori Foundation's president, will be head of the New Gate-Field School and the senior program director of the foundation.
The new school will offer Montessori classes for toddlers through high school students at its 100-acre campus on Clark Road, and plans to seek additional accreditation through the International Baccalaureate organization for its Montessori middle and high school programs.
The board is also exploring the possibility of a satellite campus for students under age six by reopening New Gate's campus on Ashton Road.