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CEO Trevor Burgess believes that targeting professionals will allow C1 to compete in a market dominated by larger banks.
January 3
C1 Bank in St. Petersburg, Fla., has recruited the state's former top financial official to its board.
The $937.3 million-asset bank said Tuesday it Alex Sink, Florida's chief financial officer from 2007 to 2011, had joined its board. Sink was also the Democratic Party's nominee for governor in 2010, though she lost to Rick Scott, the Republican Party's nominee, by less than 1% of votes cast.
This is a return to banking for Sink, who retired as president of Bank of America's (BAC) Florida operations in 2000 after 26 years with the Charlotte, N.C., company.
Sink "brings a totally unique set of experience to C1 Bank's board … as we enter the next phase of growth," Trevor Burgess, C1's chief executive, said in a press release. "Her history in public service and business leadership will be extremely valuable to C1 Bank and its clients."
Sink also serves as an advisor to Hyde Park Capital, an investment bank in Tampa. She also chairs the Florida Next Foundation, a nonprofit group she founded that aims to diversify the state's economy by spurring entrepreneurship.
