Florida Banking August 2021

D espite the difficulties our industry faced in 2020, Professional Bank has celebrated exciting milestones in the last year, having completed its Initial Public Offering (IPO) and acquisition of Marquis Bank. On Feb. 14, 2020, the leadership team of Professional Bank rang the bell at NASDAQ’s global headquarters in Times Square to open the trading day — the first (and only!) bank IPO of 2020.

and ease of use. Chairman and CEO Daniel R. Sheehan wants to eliminate friction for the Bank’s clients and make it as easy as possible for them to get “in and out” when opening an account, for example. “We’re the hometown Florida-based bank that’s big enough to bank the blue-chip companies in town, but small enough to be an effective speed-based competitor,” said Sheehan.

WHEN IT COMES TO SERVING CUSTOMERS, PROFESSIONAL BANK PRIORITIZES RESPONSIVENESS, SPEED OF EXECUTION, AND EASE OF USE.

Sheehan doesn’t come from a commercial banking background, and he sees this as an advantage. He started his career at Bear Stearns, and subsequently has been directly involved in the investment and deployment of over $10 billion of institutional real estate capital throughout the United States while holding various positions at national real estate investment banks and financial intermediaries. He is able to look at the company with a fresh perspective and an entrepreneurial mindset.

Headquartered in Coral Gables, Fla., Professional Bank was founded to cater to the professionals and entrepreneurs who were flocking to South Florida. Today, the bank has 11 locations throughout South Florida, Tampa and Jacksonville, in addition to a Digital Innovation Center located in Cleveland, Ohio, and an office located in Bedford, N.H., for its search funding lending platform. Last year, the bank’s total assets grew to $2.5 billion. When it comes to serving customers, Professional Bank prioritizes responsiveness, speed of execution,

Professional Bank, Continued on page 10

MEET CEO DANIEL R. SHEEHAN

Daniel R. Sheehan has served as the CEO of Professional Bank since 2019. He was a Co-Founder and Director of the bank and has been Chairman of the Board since September 2013. He has served as both Chairman of the Board and CEO of the Professional Holding Corp (NASDAQ:PFHD) since its inception in 2014, and was responsible for the development and execution of its growth, capital and leadership plans. Sheehan has significant experience in capital markets, structured finance, investment banking, community banking and shadow banking industries that provided him with valuable strategic insight on capital flows and associated risk, as well as transactional and execution experience. In 2020, he was invited to meet with U.S. Treasury Secretary Steven Mnuchin in Washington D.C. to discuss the rollout, benefits and challenges

of the newly instituted Paycheck Protection Program, and earlier that year was a guest speaker on Fox Business’ Mornings with Maria to discuss the banking industry and the dynamics of the Florida economy following his IPO of Professional Holding Corp. Sheehan has been recognized for his achievements in finance, banking, real estate and deal making by South Florida CEO as the “Six Million Dollar Man”, South Florida Business Journal’s “Heavy Hitter in Commercial Real Estate Finance” and Palm Beach Magazine’ s “Palm Beach 100” as one of Palm Beach County’s most influential business leaders in 2020. He was an economics major and varsity football letterman at Duke University prior to receiving his Bachelor of Science in Business Administration from the University of Florida and his Master of Business Administration from the University of Miami.

WWW.FLORIDABANKERS.COM AUGUST 2021 — 9