Professional Bank has named a new leader for its West Palm Beach market, as the bank continues its growth into the wealthy county of Palm Beach.
Professional Bank announced that Roland Valdivieso has been hired as senior vice president, market leader for West Palm Beach. Valdivieso was most recently a senior relationship manager with First Republic Bank, where he was charged with growing the bank’s Florida presence by focusing on non-profit, private equity and commercial real estate clients.
Professional Bank, headquartered in Coral Gables, is one of South Florida’s fastest growing banks. Valdivieso will lead the bank’s initiative to expand into Palm Beach County as the bank plans to open up an office in the West Palm Beach market.
West Palm Beach will be the Professional Bank’s third location in Palm Beach County, having opened a loan production office in Boca Raton and a full-service branch in Palm Beach Gardens in 2017.
“Roland is a seasoned commercial banker that embodies the market knowledge, expertise and character required to establish Professional Bank’s presence in one of South Florida’s fastest growing business communities,” said Abel Iglesias, president and CEO of Professional Bank. “Roland is a great addition to the leadership team and we are delighted to have him join the Professional Bank family.”
The bank has grown rapidly since February 2017, when it raised $19 million in capital through the issuance of common stock. As of Dec 31, 2017 the bank had $546.9 million in assets, up from $384.6 million on Dec. 31, 2017.
Professional Bank operates three full service branches in Coral Gables, South Miami and Palm Beach Gardens, and two loan production offices in Boca Raton and Fort Lauderdale.
Founded in 2008, the Coral Gables bank specializes in construction, residential and commercial real estate financing as well as business loans and lines of credit.
Ranked by S. Fla. deposits as of June 30, 2017
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