Hayworth replaces Henriques as Gibraltar chair
Gibraltar Private Bank & Trust CEO and founder Steven D. Hayworth has replaced Adolfo Henriques as chairman of the Coral Gables-based bank.
In September, a group of more than 50 local investors led by Hayworth bought the bank from Boston Private Financial Holdings, where Henriques is a board member. During the negotiations to sell the bank to the local group, Henriques took over as chairman.
The former CEO of Florida East Coast Railway, Henriques remains on the board of Boston Private cash advance no fax.
“I will miss my friends on the Gibraltar Private board, but I leave knowing that Steve and his team have created a terrific private bank and wealth management company that will serve our community well in the future,” Henriques stated in a press release.
Gibraltar Private Bank lost $20.2 million in 2009 and ended the year with $1.5 billion in assets.