Raul G. Valdes-Fauli

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Prominent Miami banker Raul Valdes-Fauli dies
BY JACQUELINE CHARLES
jcharles@miamiherald.com

Coral Gables banker Raul G. Valdes-Fauli, a prominent businessman and member of an influential family both in Miami and pre-Castro Cuba, died Friday.

His family said Miami police told them that Valdes-Fauli appeared to have thrown himself off the Conrad Miami hotel on Brickell Avenue Friday morning.

Valdes-Fauli, 48, was president and CEO of Professional Bank and the son of former Coral Gables mayor Raul J. Valdes-Fauli. His father said the family was “surprised and crushed.”

“He took his own life,” the elder Valdes-Fauli said. “We are all very sad.”

Valdes-Fauli said he spoke to his son on an almost daily basis and saw him last week with his son’s two children, ages 3 and 5. He had no indication, he said, that the younger Valdes-Fauli was considering ending his own life.

“We greatly regret the passing of Raul G. Valdes-Fauli, a beloved father, husband, son, brother and friend,” a statement issued Friday evening by his family said. “His death came far too soon, but his memory will endure forever in the hearts of all those who loved him. We respectfully request privacy at this difficult moment of grieving.”

Bankers who knew Valdes-Fauli and were familiar with his boutique bank’s operations were surprised to learn of his death. They said his bank was doing well, although there was pressure from investors to grow. The bank had a 5-star rating from Bauer Financial. A move to acquire a Palm Beach bank for $6.8 million fell through this summer.

Miami police confirmed that someone fell off the side of the 36-story hotel sometime between 10 a.m. and noon Friday, but did not provide a name.

“He was a wonderful young man, a great father,” said the elder Valdes-Fauli, whose own father, Raul Ernesto Valdes-Fauli, was a lawyer who represented banking and sugar interests in pre-Castro Cuba.

The younger Valdes-Fauli, who is survived by his wife, Martha, and two sons, was an active member of South Florida society and was occasionally quoted in Miami Herald stories on the state of the economy and banking matters. In a Herald story published in August, he discussed a two-day mid-July visit to an invitation-only banking workshop in Havana.

Valdes-Fauli said he had decided to attend the workshop in hope of better understanding the Cuban banking system, meeting some central bankers in person and seeing how Cuban banks are working with private Cuban entrepreneurs.

The local boards he served on included the Greater Miami Chamber of Commerce, the Adrienne Arsht Performing Arts Center Trust and the Miami Finance Forum.

“He was a wonderful banker, a very responsible member of the community and boards,” his father said.

Valdes-Fauli graduated from Lake Forest College in Chicago and received a master’s in business administration from the University of Miami. He also served in the Peace Corps in Honduras in 1991, his father said.

Services will be take place at 3 p.m. Monday at Saint Agnes Church, 100 Harbor Dr., Key Biscayne.

MIAMI HERALD REPORTER NICHOLAS NEHAMAS CONTRIBUTED TO THIS REPORT.

http://www.miamiherald.com/news/local/community/miami-dade/article100952752.html

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Prominent Miami banker Raul Valdes-Fauli dies | Miami Herald
www.miamiherald.com/news/local/community/miami-dade/article100952752.html
Sep 9, 2016 - Coral Gables banker Raul G. Valdes-Fauli, a prominent businessman and member of an influential family both in Miami and pre-Castro Cuba, died Friday. His family said Miami police told them that Valdes-Fauli appeared to have thrown himself off the Conrad Miami hotel on Brickell ...

Professional Bank names new CEO after Valdes-Fauli dies
Sep 14, 2016, 11:18am EDT Updated Sep 14, 2016, 2:09pm EDT

Abel Iglesias was named president and CEO of Coral Gables-based Professional Bank, according to an announcement Tuesday.

Iglesias, former executive VP and chief lending officer, was appointed by the bank’s board of directors following the death of President and CEO Raul G. Valdes-Fauli on Sept. 9.

http://www.bizjournals.com/southflorida/news/2016/09/14/professional-bank-names-new-ceo-after-valdes-fauli.html

Professional Bank names new CEO after Valdes-Fauli dies

Abel Iglesias was named president and CEO of Coral Gables-based Professional Bank, according to an announcement Tuesday.

Iglesias, former executive VP and chief lending officer, was appointed by the bank’s board of directors following the death of President and CEO Raul G. Valdes-Fauli on Sept. 9.

Raul Valdes-Fauli, former president and CEO of the Professional Bank.
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Raul Valdes-Fauli, former president and CEO of the Professional Bank.

JOCK FISTICK

Valdes-Fauli passed after falling from the Conrad Miami in Brickell. The Miami-Dade County medical examiner’s office confirmed that the death has been classified as a suicide.

“ All of us at Professional Bank are deeply saddened by the sudden loss of Raul G. Valdes-Fauli. He was a kind and caring husband, father, son, friend and business executive who was well thought of within the community, and will be genuinely missed by all of us,” the bank  said in a statement. “This type of tragedy happens far too often to good people in the community and Professional Bank takes the well-being of its employees and families very seriously.”

Valdes-Fauli, 48, was appointed president and CEO of Professional Bank in August 2011, when the bank had approximately $126 million in assets. Since he took over, the bank has more than tripled in size and has been on a growth trajectory. As of June 30, Professional Bank was the 25th-largest South Florida-based bank among 50, with $391 million.

“His professional legacy is a prosperous bank with depth of leadership and superior credit quality, and under his guidance the Bank avoided many problems plagued by others resulting in a continuity of earnings and high ratings,” the bank said. “Our thoughts and prayers are with Raul’s family, and during this time we ask everyone to do same and respect their privacy surrounding this event.”

Earlier this year, Professional Bank experienced a slight set back during its attempted acquisition of Palm Beach Gardens-based FirstCity Bank of Commerce. FirstCity shareholders voted to remain independent, quashing the deal.

https://www.bizjournals.com/southflorida/news/2016/09/14/professional-bank-names-new-ceo-after-valdes-fauli.html


Professional Bank hires former JGB Bank CEO Iglesias as top lender
May 2, 2013, 12:24pm EDT

Professional Bank hired Abel Iglesias as chief lending officer, as it plans to expand its loans.

Iglesias was the CEO of Doral-based JGB Bank until February. Before that, he was a senior commercial lender at Miami Lakes-based BankUnited.


Professional Bank Chief Lending Officer Abel Iglesias.

Raul Valdes-Fauli, president and CEO of Coral Gables-based Professional Bank, said he has known Iglesias for 25 years and formerly worked with him at Eastern National Bank and Colonial Bank.

“It’s a reunion of sorts. It’s great to have a partner you can trust,” Valdes-Fauli said.

Professional Bank focuses its lending on professional groups, such as doctors, lawyers, accountants and engineers, as well as some residential lending. Iglesias said he is going to add small business lines of credit to the mix.

“We’re rounding out the bank’s strategy with commercial lending,” Iglesias said.

Professional Bank had $176.6 million in assets and $100.7 million in loans on March 31, up from $151.6 million in assets and $77.5 million in loans 12 months earlier. The bank earned $506,000 in the first quarter and received $1.35 million in capital by selling stock to both new and existing investors.

Valdes-Fauli said the goal is to grow the bank to $300 million in assets in a few years.

The bank filed an application with regulators to move its headquarters to 369 Alhambra Circle and convert its current headquarters at 1567 San Remo Ave. into a branch.

"Talent acquisition is obviously a key strategy for any bank, but for a boutique community bank to acquire the amount of talent Professional Bank has in just a few years is nothing less than a home run,” said Carlos J. Arboleda, a corporate strategy and talent advisory executive with Miami-based COI access. "Bringing Abel on will enable Professional Bank to leverage his extraordinary experience, vast knowledge, and deep contacts in South Florida, and enable them to better compete in a saturated banking market."

https://www.bizjournals.com/southflorida/news/2013/05/02/professional-bank-hires-former-jgb.html