Coverage, page 18

Leestma Management Files Chapter 11 Amid Independent Bank Dispute and Adelaide Pointe Development

Leestma Management LLC filed chapter 11 in the Middle District of Florida with $50-100 million in assets and liabilities across five affiliated LLCs. The filing followed a $27.9 million Independent Bank loan default and receivership dispute tied to the $250 million Adelaide Pointe waterfront development in Muskegon, Michigan.

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