At least one of his investments turned out really poorly.
Seems Coach Wannstedt held some stock in Orion Bank in Naples.
There are 405 “holders” of private stock identified on Orion Bancorp’s registration list. Some names are repeated two or three times, with a different number of shares, indicating multiple holdings.
…
The five other directors of Orion Bancorp’s board – Earl Holland of Fort Myers, Brian Schmitt of Marathon, James Torok of Sarasota, Alan Pratt of Vero Beach and James Aultman of Marathon – were big investors in the holding company. In the group, Holland had the most shares – 273,136 – making him the second-largest individual shareholder after Williams.
Dave Wannstedt, a former coach of the Miami Dolphins and head football coach at the University of Pittsburgh, owned 71,008 shares.
The bank was one of the largest privately held bank in Florida. It got shut down by the FDIC back at the end of September. The shareholder list just surfaced.
Ouch.
But, at least his name isn’t surfacing with failed real estate development deals and some banned booster named “Clegg.”