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Jimmy Patronis: SBA Purchases $25 Million in Israeli Bonds

This week, during the Israel Bonds Prime Minister’s Circle Gala in Boca Raton, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the State Board of Administration (SBA) has purchased another $25 million in Israel bonds.

This additional bond purchase brings the SBA’s total Israel Bond investment to approximately $60 million, with the Florida Treasury currently investing a record $200 million. The SBA is overseen by the Florida Cabinet, while the State Treasury is managed by the CFO through the Florida Department of Financial Services. The CFO was also honored with the prestigious Israel Bond Award at the event for his leadership and support for the Jewish community and the State of Israel. The Israel Bond Award is considered to be among one of the most important awards given by Israel Bonds.

Patronis said, “Following the horrific terrorist attacks by Hamas on October 7th, the State of Florida vowed to assist our allies in Israel both morally and monetarily. Last night, I was proud to announce the purchase of another $25 million in Israel bonds by the Florida State Board of Administration. This brings Florida’s total investment in Israel bonds by the SBA to $60 million with the State Treasury adding another $200 million investment. Israel bonds are a prudent investment vehicle and offer consistently positive returns on state funds. Florida proudly stands current with Israel, the only democratic nation in the Middle East, and my heart goes out to the people of Israel as they continue their fight against the evil terrorists of Hamas. I continue to encourage other state treasurers across the nation to support Israel by purchasing Israel bonds today.”

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Mark Ruben, the executive director of Israel Bonds, said, “On behalf of Israel Bonds, it was an honor to recognize and present CFO Patronis with the prestigious Israel Bond Award. The CFO works tirelessly to provide support to Israel and invest state dollars in Israel Bonds. We couldn’t be more thrilled to have the CFO in our corner and making this amazing investment.”

Over the last 72 years, the Development Corporation for Israel/Israel Bonds and its affiliates have generated more than $49 billion worldwide in financial support for the building and development of every sector of Israel’s economy. Israel bonds are a smart investment, with strong rates, and are meaningful investments, serving as a symbolic connection with Israel and the people of Israel for Jews worldwide.

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