CEO of small Florida bank loaned Trump millions in 2018, then got Federal Reserve post An obscure bank loaned Trump money to purchase his sister’s Palm Beach home. Its CEO now sits on a Fed board IGOR DERYSH MAY 23, 2019 10:00am (utc) president Trump borrowed millions in 2018 from a small Florida bank whose chief executive was appointed to a Federal Reserve position just months later.
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Professional Bank’s CEO, Abel Iglesias, was appointed in February 2018 to the board of the Federal Reserve Bank of Atlanta’s Miami branch. The appointment was made solely by the Atlanta board.
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According to the disclosure, Trump borrowed between $5 million and $25 million in May 2018 from Professional Bank, a small Florida outfit that specializes in construction and real estate loans.
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His Mar-a-Lago in Palm Beach, Florida, took in nearly $23 million, a drop of more than $2 million. real estate. Professional Bank’s CEO, Abel Iglesias, was appointed in February 2018 to the board.
president trump borrowed millions in 2018 from a small Florida bank whose chief executive was appointed to a Federal Reserve position just months later.Trump’s latest personal financial.