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Sabal Palm Bank in Sarasota, Fla., has tapped a local banker to become its leader after completing a community stock offering.
February 26 -
Regional and community banks are carving out niches as asset managers by offering perks and personal services to affluent customers whom bigger rivals often overlook.
October 11
Gateway Bank of Southwest Florida has appointed the founder of a rival Sarasota bank to its executive team.
The $227 million-asset Gateway has named Brian Hall executive vice president and director of wealth management, according to a press release Tuesday.
Hall founded Sabal Palm Bank, an $88 million-asset company, in 2006 and led the bank for the next eight years. In February the company
Hall has a long history with Gateway's president and chief executive, Shaun Merriman. Merriman, the former president and CEO of SouthTrust Corp. in Sarasota, recruited Hall as a senior lender in 2001.
"When [Hall] shared with me he was leaving Sabal Palm, I jumped at the opportunity to have him join us at Gateway Bank," Merriman said in the release.
In his new position at Gateway, Hall assumes the responsibilities of senior vice president Rick Zimmerman, who headed Gateway's private wealth subsidiary. Zimmerman resigned in May and now serves as vice president of commercial banking at Capitol Bank in Madison, Wis., according to his LinkedIn page.
Gateway is a subsidiary of Gateway Financial Holdings of Florida.
