Our accomplishments in spite of the economy demonstrates our commitment to servicing the banking and financial needs of our professional customer base
Miami, FL (PRWEB) November 29, 2010
Professional Bank opened its doors two years ago with the mission of being a strong “relationship bank” serving the banking needs of professionals, business owners, entrepreneurs and executives with concierge-style banking services.
“Looking back over our second year of operations, Professional Bank has continued to grow in every aspect of the business, from increasing assets and deposits to adding key officers and new directors,” said Dr. Larry Schimmel, Chairman, Professional Bank. “Our accomplishments in spite of the economy demonstrates our commitment to servicing the banking and financial needs of our professional customer base.”
As Professional Bank celebrates its second anniversary of operations; the bank has reached several important milestones with respect to asset growth, deposits and new officers and directors.
For the 12-month period ending on October 31, 2010, Professional Bank’s total assets grew by 58% to $108.6 million and deposits grew by 48% to $84.5 million over the same period.
Best Bank Rating in South Florida for Non-performing Assets:
Professional Bank had the best NPA (non-performing asset) rating for any South Florida bank based on the Third Quarter “Florida Asset Quality Review with a NPA ratio of 0.13%. For comparison, the average NPA for all banks in Florida is 6.64% and 7.23% for South Florida banks (source: Carson Medlin Report).
Professional Bank Adds Key New Staff
During Professional Bank’s second year, the bank added several key officers and directors positioning the bank for future growth and solid performance:
Roberto R. Munoz, Executive Vice President and Chief Lending Officer. Prior to joining Professional Bank, he was CEO, President, Chief Lending Officer and a member of the Board of Directors at Marquis Bank, Miami.
Daniel R. Martinez, Senior Vice President, Private Client Services. Martinez brings more than 17 years of private banking experience to Professional Bank including eight years at Gibraltar Private Bank & Trust where he was Senior Vice President and Market Manager.
Frank Casal, Vice President and Branch Manager. Prior to joining Professional Bank, he was a Branch Manager at Gibraltar Private Bank and Trust Co. in downtown Miami
Professional Bank Adds New Directors to Board
Tom Gallagher, former Florida Chief Financial Officer. Mr. Gallagher has held several senior and cabinet level positions in Florida government, including Treasurer, Insurance Commissioner and Fire Marshall, and Commissioner of Education.
Charles C. Papy, III, Vice Chairman of the Board of Directors of the bank. Mr. Papy is the Managing Partner of the Miami office of Duane Morris LLP an international law firm.
Professional Bank Lends Community Support
Professional Bank is committed to supporting our local communities and programs. During the last 12 months, Professional Bank’s community outreach has included support for many local organizations including:
- Camillus House
- Cuban American CPA
- Dade County Trial Lawyers
- Dave and Mary Alper JCC
- Make-A-Wish Foundation
- Mercy Hospital
- Special Olympics of Miami-Dade County
- The Leukemia & Lymphoma Society
- The Melissa Institute
Professional Bank is a strong “relationship bank” serving the banking needs of professionals, business owners, entrepreneurs and executives, providing its customers with concierge-style banking services with an emphasis on private banking and wealth management.
Professional Bank is a member FDIC and an Equal Housing Lender.
For more information about Professional Bank, please visit http://www.professionalbankfl.com
Alec J. Rosen
AJR & Partners, Inc.