Florida Banking July 2024

PERSONAL TRANSACTIONS

NEW CEOS AND/OR PRESIDENTS

Tampa Bay Trust Company to meet the expanding wealth management needs of SCS clients, while adding another highly experienced family office services professional to The Tampa Bay Trust team. McArthur’s engagements include executive roles in CRO, CFO, and CEO capacities. He is a past president of the Florida Chapter of Turnaround Management Associations (TMA), current board member of the Association for Corporate Growth (ACG) and Commercial Finance Association (CFA). He often participates in panel discussions on his areas of specialty. He is a graduate of Wofford College, Spartanburg, SC and assists area nonprofits by serving on their advisory boards. DESTIN

MIAMI

International Finance Bank (IFB) named Abel Iglesias as its new president and chief executive officer, effective May 14. With over three decades in banking leadership roles, Iglesias brings extensive experience and expertise to IFB. Iglesias started

Iglesias

his banking journey at Southeast Bank in 1980. He then moved to Eastern National Bank in 1986, significantly expanding its loan portfolio to over $350 million. In 1998, Iglesias became executive vice president and chief lending officer at Colonial Bank, overseeing three counties and growing the loan portfolio to over $2 billion. Joining Bank United in 2003, he climbed to senior executive vice president, managing a $1.5 billion portfolio. In 2009, he assumed the role of president and CEO at JGB Bank. Later, in 2013, Iglesias joined Professional Bank as executive vice president and chief lending officer, rising to president and CEO in 2015. Under his leadership, it became the 6th largest South Florida-based bank. In 2023, Professional Bank was acquired by Seacoast, and Iglesias became the market executive for Miami-Dade County. In addition to his executive roles, Iglesias has been an active member of esteemed boards, showcasing his extensive professional network and the respect he commands in the industry. His contributions to the Federal Reserve Bank of Atlanta, Baptist Health, the Center for Financial Training, Friends of WLRN, the Beacon Council, and the Latin Builders Association underscore his commitment to fostering growth and innovation in healthcare and financial education.

SmartBank announced the addition of Robert McDaniel as area president for a portion of the Gulf Coast markets. With over three decades of experience in the banking sector, he brings a wealth of expertise to SmartBank’s established and high

McDaniel

performing banking teams. McDaniel, a graduate of Auburn University with a Bachelor of Science degree in Finance and an MBA from Emory University, has held various leadership positions during his tenure in the industry. Most notably, he spent 30 years at BBVA Compass, serving as market president in Auburn, Ala., McAllen, Texas, and Gainesville, Fla. Bringing a strong foundation in commercial banking, finance, treasury management, underwriting, private banking management, and commercial business development, McDaniel is well-equipped to lead SmartBank’s experienced commercial banking teams. His extensive experience includes working with a diverse range of clients, including major corporations, non-profit organizations, and government entities across the Southeast. Beyond his professional endeavors, McDaniel is deeply committed to community service. His affiliations as a board member of the Greater Gainesville Chamber of Commerce, board president of the Education Foundation of Alachua County, board member of International Museum of Art & Science, and previous chairman of Auburn Chamber of Commerce are just a few examples of his passion for the community. KEY WEST First State Bank of the Florida Keys announced the addition of John M. Spottswood, III and Erica Hughes Sterling, Esq. to its Board of Directors. Both generational, native Key Westers, Spottswood’s and Sterling’s professional backgrounds include over 20 years of local business experience and active community involvement in the Florida Keys.

PROMOTIONS/NEW HIRES

BELLEAIR

The Tampa Bay Trust Company announced the promotion of James McArthur to executive vice president, Family Office Services. McArthur has more than 30 years of experience in management consulting, family office consulting, restructuring, special

McArthur

situations, turnarounds, and commercial finance. Earlier McArthur established his own successful consulting firm, Southern Capital Strategies (SCS), a Florida-based firm serving leaders of closely held firms, investors, lenders, and family offices. SCS combined their business consulting and family office advisory services with The

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