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HEAT IS ON: GRIGSBY BACK INTO MUNICIPAL- BOND BUSINESS
Published October 8, 1996
Dade County, FL officials confirmed yesterday that Calvin Grigsby is getting back into the municipal-bond business, and wants to continue as an underwriter on Dade County financing, including the proposed $130M deal to build a new arena for the Heat, according to Charles Gasparino of the WALL STREET JOURNAL. Grigsby recently resigned as CEO of Grigsby Branford & Co., which is being investigated in an ongoing federal grand jury probe into municipal bond dealings in Miami. Grigsby's new firm is called Grigsby & Associates, and Dade officials say Grigsby informed them he will maintain offices in NY, Miami, LA, San Francisco, Sacramento and San Diego. (WALL STREET JOURNAL, 10/8). The probe of Grigsby Branford's dealings with Dade County is profiled by DeGeorge, et. al in BUSINESS WEEK. Grigsby Branford's "travails reflect grim times for minority-owned municipal-bond firms. Amid severe industry competition, several have suffered from notoriety surrounding government investigations" (BUSINESS WEEK, 10/14).