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Gibraltar Private Bank & Trust in Coral Gables, Fla., is in talks with several potential buyers, the South Florida Business Journal reported in its online edition Wednesday.
March 13 -
Gibraltar Private Bank & Trust has dismissed its chief executive as the Coral Gables, Fla. company continues to deal with the fallout from its ties to a lawyer convicted of running a $1.2 billion Ponzi scheme.
May 29 -
Gibraltar Private Bank and Trust Co. in Coral Gables, Fla., has added to its wealth management division by hiring two employees with ties to Lydian Private Bank, which was closed by regulators in August.
October 11
Gibraltar Private Bank & Trust in Coral Gables, Fla., has promoted Angel Medina to president.
Medina will report to chairman and chief executive Adolfo Henriques, according to the $1.6 billion-asset company's Thursday press release. The president's title previously belonged to Henriques.
Medina joined Gibraltar in 2011 as executive vice president in charge of managing credit quality. Before that, he was the South Florida area president of Regions Bank, a unit of Regions Financial (RF). He has also served as the chief financial officer of Adrian Homes and held management positions with Bank of America (BAC) predecessor Barnett Bank in Jacksonville, Fla.
"[Medina] is an accomplished banker with a proven track record," said Henriques. "He has been instrumental in revamping the bank's credit processes, and we are confident he will have a similar impact as we provision for the growth of our core banking business."
Gibraltar is operating under a cease-and-desist order related to anti-money laundering and Bank Secrecy Act compliance, issued by the Office of Thrift Supervision in 2010. In May 2012, Gibraltar
The company has eight offices in Florida and New York.
