James K. Toomey, the chairman of Coast Financial Holdings Inc. in Bradenton, Fla., was hospitalized Friday after complaining of chest pains.
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Mr. Toomey, 41, has been relieved of his day-to-day responsibilities until further notice, Coast said Friday.
"Jim is resting comfortably while he awaits results of tests he has undergone over the past several hours," Brian Grimes, Coast's president and chief executive officer, said in a press release.
The $676 million-asset Coast revealed last month that hundreds of its borrowers could have trouble repaying loans they took out for home construction on Florida's west coast. The company's stock price has dropped about 50% since then.
