First Green Bancorp in Orlando, Fla., has recruited a familiar name in Florida to run its bank.
The $420 million-asset company said in a press release Thursday that Keith Costello, who formed Broward Bank of Commerce in Fort Lauderdale in 2009, will succeed Ken LaRoe as chief executive of First Green Bank.
LaRoe, who also founded First Green in 2009, will remain the company's CEO, focusing on acquisitions and other expansion plans.
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Rather than simply considering whether a prospective borrower's business contributes to climate change, banks are slowly turning their attention to making sure borrowers in a variety of industries account for how climate change could affect them.
August 18 -
First Green Bancorp in Mount Dora, Fla., has raised nearly $14 million through a private placement.
February 12 -
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Home Bancshares in Conway, Ark., has agreed to acquire Broward Financial Holdings in Fort Lauderdale, Fla.
July 30
Costello and LaRoe were granted Florida's last two charters when they opened their banks.
Costello sold the $169 million-asset Broward Bank of Commerce to Home BancShares in Conway, Ark., the parent of Centennial Bank, for
"Due to the continued growth of First Green Bank, I felt it was necessary to add a chief executive … to our team in order to take the bank to the next level," LaRoe said in Friday's release.
