Gibraltar in Fla. Promotes President to CEO

Published September 14, 2016, 3:41 p.m. EDT

Updated January 11, 2017, 3:49 p.m. EST

1 Min Read

Angel Medina has been promoted to chief executive at Gibraltar Private Bank and Trust in Coral Gables, Fla.

Processing Content

The $1.6 billion-asset bank's president since 2013, Medina will succeed Adolfo Henriques, who has been CEO since 2012, according to the South Florida Business Journal.

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, sued it for fraud and breach of contract after he was fired in 2012.

Also that month, the Treasury Department's Financial Crimes Enforcement Network announced a $4 million civil money penalty against the bank, including $2.5 million levied by the Office of the Comptroller of the Currency, for defective anti-money-laundering programs.

Joseph Kellard

MORE FROM AMERICAN BANKER

Community banking

Alabama community bank to introduce digital small-business brand

The 22nd State Bank in Mobile has been developing its national Always.bank subsidiary over the past year. 22nd State, which was founded in 1917, eyeing a summertime launch for the online unit.

By John Reosti

Reporter

9h ago

3 Min Read

Trump administration

Senate confirms Kevin Warsh as Federal Reserve chair

The Senate voted 54-45 to confirm Kevin Warsh to lead the central bank. Warsh will take the reins from Jerome Powell, who said he will remain on the Federal Reserve Board.

By Claire Williams

Reporter

9h ago

3 Min Read

Trump administration

Trump's 'war on DEI' reaches PayPal

The payment company will waive transaction fees totaling about $30 million for veteran-owned, farming, manufacturing or technology-based small businesses following an investigation into a six-year-old former investment program designed for Black and minority-owned small businesses.

By John Adams

Executive Editor, Payments

11h ago

5 Min Read

When AI Fights for Consumers, Payments Are the Deal Breaker

Agentic commerce is accelerating, and U.S. merchants are turning to Asia-Pacific fintech to compete for the world's fastest growing market.

Partner Insights from Ant International

JPMorgan Chase

JPMorgan names trio to co-lead global investment banking

The largest U.S. bank by assets announced a series of leadership changes affecting its global investment banking business, including three new co-heads to oversee the segment.

By Allissa Kline

Reporter

11h ago

3 Min Read

Jared Kaye-Dorothee Blessing-Kevin Foley

Federal Reserve

Fed survey: Americans feel financially secure despite prices

An annual Federal Reserve survey of nearly 13,000 respondents found that households generally felt financially secure in 2025, though many cited rising prices as a lingering concern.

By Maria Volkova

Reporter

11h ago

3 Min Read