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BOCA RATON, Fla. – Last night, 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.

CFO Jimmy 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.”

Mark Ruben, Executive Director, 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, 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. For more information, visit www.israelbonds.com.

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About CFO Jimmy Patronis  
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).