October 01, 2016 6:08 PM ET

Banks

Company Overview of Gibraltar Private Bank & Trust Company

Company Overview

Gibraltar Private Bank & Trust Company provides wealth management, private banking, residential and commercial lending services to individuals and families, businesses, foundations, and nonprofit organizations. The company offers wealth management services, including investment management, trust and estate planning, wealth and financial planning, investment services, retirement planning, deposit and investment secured credit, and liquidity event advisory services. It also provides personal banking depository services, such as personal deposit accounts and payment services, online services, mobile banking, telephone banking, and banking by mail; and personal loans and credit solutions compris...

55 Alhambra Plaza

5th Floor

Coral Gables, FL 33134

United States

Founded in 1984

Phone:

305-476-1982

Fax:

305-476-1528

Key Executives for Gibraltar Private Bank & Trust Company

Chief Executive Officer and President
Age: 58
Chief Financial Officer and Executive Vice President
Chief Compliance & Security Officer, Chief Risk Officer and Senior Vice President
Executive Vice President, General Counsel and Secretary
Senior Vice President and Marketing Director
Compensation as of Fiscal Year 2016.

Gibraltar Private Bank & Trust Company Key Developments

Gibraltar Private Bank & Trust Company Announces Executive Changes

Angel Medina has been promoted to chief executive at Gibraltar Private Bank and Trust in Coral Gables, Fla. Medina will succeed Adolfo Henriques, who has been CEO since 2012. Medina will remain president, while Henriques will stay aboard as chairman, a role he has held since 2012. Henriques joined the bank as president and chief operating officer in 2011.

Steven Hayworth Files Complaint against Gibraltar Private Bank & Trust Seeking $40 Million in Damages

Steven Hayworth, former CEO of Gibraltar Private Bank & Trust, has filed a complaint against the bank, alleging a breach of employment agreement and fraud. The alleged breach and fraud reportedly happened during a notorious time for the local institution: the unraveling of Scott Rothstein's $1.2 billion Ponzi scheme. Rothstein, who is serving 50 years in prison for his scheme, was minority shareholder in the bank and of the institution's clients. Hayworth is seeking compensatory damages of more than $10 million and punitive damages in excess of $30 million. The complaint said that Hayworth was forced to resign by Gibraltar's board of directors, in effect breaching his contract. The complaint also states that on Feb. 21, 2012, following the initial Rothstein settlement on behalf of investors, board member Russell Galbut and Adolfo Henriques, current Chairman and CEO of the bank, requested that Hayworth resign. Hayworth agreed to step down as long as he remained chairman, and his employment agreement ensured a base salary of at least $800,000. However, the board voted to terminate his position and keep him at a lower salary. This complaint follows an April 2015 disclosure that Gibraltar's compliance with the Bank Secrecy Act and anti-money laundering requirements is under investigation from the Department of Justice's Asset Forfeiture and Money Laundering Section and U.S. Attorney's Office.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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