Raul G. Valdes-Fauli, president and chief executive of Professional Bank in Coral Gables, Fla., has died.

The $390 million-asset bank said in a statement posted on its website Tuesday that it was "deeply saddened by the sudden loss." The bank said Abel Iglesias, its chief lending officer, was appointed president and CEO.

Valdes-Fauli's family told the Miami Herald that they were informed by police that Valdes-Fauil threw himself from the 36-story Conrad Miami Hotel on Friday morning.

Valdes-Fauli, 48, had been Professional's president and CEO since 2011, according to his LinkedIn profile.

"His professional legacy is a prosperous bank with depth of leadership and superior credit quality," the bank said in its statement.

Bankers who knew Valdes-Fauli told the Miami Herald that Professional, which had a five-star rating from Bauer Financial, was "doing well, although there was pressure from investors to grow." The bank's move to buy a nearby bank for $6.8 million fell apart during the summer, the report said.

Valdes-Fauli was the son of Raul Valdes-Fauli, a former mayor of Coral Gables.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.