Press Releases

Press Releases

Donald A. Kress Joins Coral Gables Trust Company

CORAL GABLES, Fla. (Nov. 23, 2015)Coral Gables Trust Company ("CGTC") is pleased to announce that Mr. Donald A. Kress has joined the firm as a Senior Vice President and Director. He has also assumed the role of Chairman of the Trust Administrative Committee.

Mr. Kress joins Coral Gables Trust with over 44 years of experience in the financial services industry, specializing in trust administration and income, gift and estate tax planning. Mr. Kress was most recently with The Northern Trust Company in Miami for 16 years. Prior to joining Northern Trust, he managed various teams of trust and investment professionals for First Chicago Bank in Chicago for approximately 12 years; and was Associate General Counsel of Miami Corporation, a private holding company based in Chicago, previous to his First Chicago experience.

Mr. Kress earned an A.B. in English Literature from Dartmouth College in 1967 and a JD from The University of Pennsylvania Law School in 1971; and he also holds a CIMA designation. Mr. Kress is a member of the Board of Directors and Vice President of the Estate Planning Council of Greater Miami and is a member of the University of Miami Estate and Gift Planning Advisory Board. He is a member of the faculty of the Florida Trust Schools and was on the board and faculty of the American Bankers Association National Trust School, where he taught courses in trust administration for eight years ending in 2002. He is a member of the Board of Directors of The Vizcayans and serves as treasurer, and is also a trustee of the Vizcaya Museum & Gardens Trust. In addition, he is a committee member of Miami’s Leave A Legacy program (which is a program of the Partnership for Philanthropic Planning), and a member of the Board of Directors and Vice President of the Peacock Foundation. Mr. Kress has been admitted to the practice of law in the states of Illinois, Nebraska and New York.

James Davidson, Chairman and President of Coral Gables Trust, said, “CGTC is extremely fortunate to have such a highly respected and experienced trust and investment professional join our firm, to help oversee our rapidly expanding trust operations and to be available to meet and counsel with our clients. Don has been highly regarded and sought out as a member of the faculties of the Florida and American Bankers Trust Schools, and is known to most trust professionals in the state. As one of the most highly regarded trust executives in the Florida trust and estate community for many years, we value highly the insights and experience that he brings to our Board and management team."
 

About Coral Gables Trust Company
Coral Gables Trust Company (CGTC) is the largest independent and privately held trust company headquartered in South Florida with over a billion dollars of assets under management, and a leading provider of wealth investment management and trust services throughout the State. Founded in 2004 as a locally owned and operated independent trust company, CGTC services clients with assets ranging from $500,000 to more than $50 million -- inclusive of affluent individuals and families, small to medium sized companies, foundations, and pension and endowment funds. Devoted toward putting our clients interest first, CGTC strives to provide conflict-free services, personalized advice, open-architecture (no proprietary products), and asset based fees.