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Tuesday, July 31, 2007 | 7:15 a.m.
In a story Saturday about the formation of Meadows Bank, the Sun incorrectly reported that the bank has raised $40 million in startup capital. In fact, bank founders have committed to contribute most of that amount and hope to raise the balance from other investors. But formal capitalization cannot begin until approvals have been given by banking regulators and an offering document has been issued by bank organizers to solicit investment.
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