Angel Medina has been promoted to chief executive at Gibraltar Private Bank and Trust in Coral Gables, Fla.
The $1.6 billion-asset bank's president since 2013, Medina will succeed Adolfo Henriques, who has been CEO since 2012, according to the
Medina will remain president, while Henriques will stay aboard as chairman, a role he has held since 2012, according to Bloomberg. Henriques joined the bank as president and chief operating officer in 2011.
The bank did not immediately respond to a request for comment on Wednesday.
In February, Steven Hayworth, the bank's founder and former CEO,
Also that month, the Treasury Department's Financial Crimes Enforcement Network