Gibraltar Private Bank & Trust Coral Gables Florida

 

Gibraltar Private Bank & Trust, Coral Gables Florida was founded in 1964.  The company is on the problem bank list.

Assets are $1.6B, with equity of $152MM.

The problem loan portfolio is $76MM.

The problem loans could easily wipe out a significant portion of the remaining equity.

Steven Hayworth, the CEO has already destroyed 45% of the equity in only 3 years.

Steven Hayworth should be in jail.

Do have money in this disaster?

This place is not exactly the rock of Gibraltar.

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