August 21, 2014 5:37 AM ET

Banks

Company Overview of TotalBank

Company Overview

TotalBank provides personal and business banking products and services in South Florida. The company’s products and services include checking, money market, savings, and investment accounts; certificates of deposit, online banking, credit cards, and home mortgages; home, boat, truck, home equity, commercial, and SBA loans; and CPA, health, and legal professional loans. It also offers global trade finance, international personal banking, and foreign exchange products and services. TotalBank was formerly known as Totalbank Coral Way and changed its name to TotalBank in March 1977. The company was founded in 1974 and is based in Miami, Florida. It has additional offices in Aventura, Hialeah, No...

2720 Coral Way

Miami, FL 33145

United States

Founded in 1974

Phone:

305-448-6500

Fax:

305-448-8201

Key Executives for TotalBank

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Senior Vice President and Information & Corporate Security Officer
Senior Vice President
Compensation as of Fiscal Year 2014.

TotalBank Key Developments

TotalBank Mulls Acquisitions

TotalBank is seeking acquisitions. Luis de la Aguilera, President and Chief Executive Officer of TotalBank said tha the bank wants to continue growing its residential lending and explore an acquisition. It has plenty of capital to make a significant purchase. "For the remainder of the year, we are focused on enhancing our efficiency, gaining scale and the continued exploration of strategic non-organic growth opportunities, " he added.

TotalBank Announces Management Changes

TotalBank announced that the Jorge Rossell has handed the CEO Job to Luis de la Aguilera but he will remain chairman. Rossell has been chairman and CEO since 2007 shortly after Spanish banking giant Banco Popular Espanol SA acquired the Miami-based bank. De la Aguilera joined TotalBank in 2000 as executive VP and has been president and chief marketing officer since 2009. He will remain the president and continue to oversee marketing and sales. The company also named Chief Credit Officer Benigno Pazos to its board of directors.

Gibraltar Private Bank Reportedly In Sale Talks

Gibraltar Private Bank & Trust Company is reportedly in sale talks. Gibraltar Private Bank was in merger talks with TotalBank, but they couldn't come to an agreement, according to multiple sources with knowledge of the situation.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 13, 2014
TotalBank, Loan Against Three Residential Properties in Miami
 

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