TotalBank in Miami has a new president.

The $2.7 billion-asset bank said in a press release Tuesday that it had promoted Jay Pelham to the post, succeeding Luis de la Aguilera, who left the company in December to lead U.S. Century Bank in Doral, Fla. Pelham joined TotalBank in August as executive vice president in charge of the private client group and wealth management.

In addition to his prior duties, Pelham will be responsible for TotalBank's branches, sales and marketing and residential lending. He will report directly to Rossell.

"TotalBank's strategic vision includes expanding into new business lines and potentially new geographies while still providing continued strong support for our existing client base," Rossell said in the release. Pelham's "diverse skill set, tenure in the local marketplace and proven leadership ability make him ideally suited for this role."

Jorge Rossell became chief executive in December when De la Aguilera left. TotalBank in November cut 58 positions; the bank also denied rumors at that time that it had been in talks to sell itself to Stonegate Bank in Pompano Beach, Fla.

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