Three high-profile directors of Great Florida Bank have resigned, but the bank says the departures have nothing to do with recent regulatory troubles. The bank president said the trio left because they would be too busy to attend most board meetings. But one of the three directors disputed that explanation, saying instead that he felt "the time had come for a change," but declining to elaborate. The resignations were revealed late last week in a mandatory filing with federal banking regulators.
January 25, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Three high-profile directors of Great Florida Bank have resigned, but the bank says the departures have nothing to do with recent regulatory troubles.
Former BellSouth-Florida president Joseph Lacher, philanthropist Susana Ibarguen and Coral Gables attorney Mitchell Mandler stepped down Dec. 20. All three had been on the bank’s board since its founding in June 2004.
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