Gibraltar Private Bank & Trust in Coral Gables, Fla., has promoted Angel Medina to president.
Medina will report to chairman and chief executive Adolfo Henriques, according to the $1.6 billion-asset company's Thursday press release. The president's title previously belonged to Henriques.
Medina joined Gibraltar in 2011 as executive vice president in charge of managing credit quality. Before that, he was the South Florida area president of Regions Bank, a unit of Regions Financial (RF). He has also served as the chief financial officer of Adrian Homes and held management positions with Bank of America (BAC) predecessor Barnett Bank in Jacksonville, Fla.
"[Medina] is an accomplished banker with a proven track record," said Henriques. "He has been instrumental in revamping the bank's credit processes, and we are confident he will have a similar impact as we provision for the growth of our core banking business."
Gibraltar is operating under a cease-and-desist order related to anti-money laundering and Bank Secrecy Act compliance, issued by the Office of Thrift Supervision in 2010. In May 2012, Gibraltar dismissed CEO and founder Steven Hayworth in the fallout from the bank's involvement with convicted Ponzi schemer Scott Rothstein. Henriques succeeded him.
The company has eight offices in Florida and New York.