Colonial Bank South Florida in Miami has hired Israel Velasco as a vice president of consumer lending.

He will manage the bank's portfolio of consumer loans in Dade, Broward, and Palm Beach counties.

Mr. Velasco was senior vice president and consumer division manager at Eastern National Bank in Miami.

Earlier he managed First Union National Bank's Westland branch in Miami.

Colonial Bank South Florida is a unit of Montgomery, Ala.-based Colonial BancGroup, which has $10.6 billion of assets.

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