Thomas Eberhardt

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    Bahamas bank up for sale following death of majority owner

    A stake of slightly less than 70 per cent of Bahamas-based Surety Bank & Trust is up for sale for a price in the $4 million range. The bank, which was established five years ago, has assets under management of between $16 million and $17 million, said one of its directors, who did not want to be named.